Certix is a leader in providing outsourced and co-sourced Internal Audit services. Certix has a recognized leadership position in working closely with management and the accounting community to create and implement a proven approach to corporate governance controls, SOX Sections 302/404, accounting standards, and other regulatory requirements. Unlike other firms, Certix extends that approach to the operating, technical, software and process areas as well as the more obvious financial and accounting controls, including Section 404 and 302 of the Sarbanes-Oxley Act of 2002.
Companies are required to comprehensively document processes and controls, decide which controls to test and then test those controls, and report on internal control over financial reporting. Meeting Section 404 requirements is difficult and time consuming, and could be expensive if not planned and executed efficiently and properly.
Certix provides the following services to assist companies with complying with Section 404:
Identify significant accounts and locations -- using financial statements and risk and materiality assessments (a top-down approach), we focus on accounts for which processes and controls are required to be documented and tested, and which locations are required to be included for multi-location entities.
Document the existing design of internal control -- working with people throughout the company, we document relevant existing processes and controls.
Evaluate internal control design -- using the company’s existing documentation, or the documentation created by working with people throughout the company, we map controls to financial statement accounts and control objectives and communicate any required remedial action.
Recognize controls required to be tested -- identify controls that are key to financial reporting to focus testing.
Design internal control tests -- design comprehensive written testing programs that consider, among other things, the type of control, the frequency of its application, and the importance of the control.
Test controls and communicate results -- test controls, document tests performed and their results, identify areas requiring remedial action and re-testing, and communicate results to assist management in evaluating the effectiveness of the company’s internal control over financial reporting.
Operate as project manager - coordinate our efforts with the company’s external auditors, assign experienced professionals to meet the company’s needs, and work in concert with the company’s internal resources.
Certix is a leader in providing outsourced and co-sourced Internal Audit services. Certix has a recognized leadership position in working closely with management and the accounting community to create and implement a proven approach to corporate governance controls, SOX Sections 302/404, accounting standards, and other regulatory requirements. Unlike other firms, Certix extends that approach to the operating, technical, software and process areas as well as the more obvious financial and accounting controls, including Section 404 and 302 of the Sarbanes-Oxley Act of 2002.
Companies are required to comprehensively document processes and controls, decide which controls to test and then test those controls, and report on internal control over financial reporting. Meeting Section 404 requirements is difficult and time consuming, and could be expensive if not planned and executed efficiently and properly.
Certix provides the following services to assist companies with complying with Section 404:
Identify significant accounts and locations -- using financial statements and risk and materiality assessments (a top-down approach), we focus on accounts for which processes and controls are required to be documented and tested, and which locations are required to be included for multi-location entities.
Document the existing design of internal control -- working with people throughout the company, we document relevant existing processes and controls.
Evaluate internal control design -- using the company’s existing documentation, or the documentation created by working with people throughout the company, we map controls to financial statement accounts and control objectives and communicate any required remedial action.
Recognize controls required to be tested -- identify controls that are key to financial reporting to focus testing.
Design internal control tests -- design comprehensive written testing programs that consider, among other things, the type of control, the frequency of its application, and the importance of the control.
Test controls and communicate results -- test controls, document tests performed and their results, identify areas requiring remedial action and re-testing, and communicate results to assist management in evaluating the effectiveness of the company’s internal control over financial reporting.
Operate as project manager - coordinate our efforts with the company’s external auditors, assign experienced professionals to meet the company’s needs, and work in concert with the company’s internal resources.