Rhyme

The Sarbanes-Oxley Act (SOX) of 2002 is considered to be the most significant change to federal securities laws in the United States in recent times. It came in the wake of a series of corporate financial scandals that resulted in a loss of public trust in accounting and reporting practices.

In response to the need for Section 404 compliance of this Act, 3i Infotech offers the Sarbanes-Oxley Consulting Practice to assist you improve and sustain your internal controls.

Converting Financial Controls into Calculated Gains

3i Infotech services are designed to address enterprise-wide Sarbanes-Oxley compliance requirements and transform them into competitive advantage. It does this by reducing time to compliance with rapid implementation methodology and easy to use processes.

Companies can better manage risks and create a solid financial management environment with SOX compliance to strengthen their internal controls structure. 

3i Infotech Methodology for Sarbanes-Oxley Compliance:

• Internal Controls Analysis – An initial study of the existing internal controls that documents financial controls activities throughout the compliance cycle 
• Strategy – A step-by-step action plan that addresses the key challenges of on-going compliance, resource planning, project schedules and cost estimates
• Internal Controls Documentation – An important activity that details the business processes and reviews the overall effectiveness of the financial control environment and defines risk management procedures
• Testing – Enabling organizations to test run all possible identified controls to ensure effectiveness of controls and enable management to take corrective measures
• Implementation – A comprehensive process of implementing tested internal controls
• Tools for Remediation – If any omissions or flaws are discovered while testing financial controls, in-built features such as alert management tools escalate the problem and bring to attention
• Reporting and Management – Recording a complete scenario of compliance evidence on internal controls application. Seek consent across the enterprise on approach, methodology and implementation of the project 

Why 3i Infotech

Our deep knowledge and focus on financial operations make us uniquely qualified to deliver solutions complying with reform legislation. 

We blend a combination of people skills, functional experience, proven methodology and system application expertise, to assist you improve the reliability, efficiency and speed of your operations and financial reporting.