Legal Compliance Consulting Services
|Sarbanes Oxley Compliance and HIPPA Compliance|
:: Legal Compliance Consulting Services for Sacramento, San Francisco Bay Area, Los Angeles, California and Nationwide ::
What you should know about legal compliance
Compliance should be viewed as an opportunity to help make your business more efficient, more accountable, and more profitable. Many businesses underestimate what it takes to be compliant. PPC's logan compliance consultants have the expertise to help you capitalize on the opportunity while minimizing the pain of financial reporting and auditing.
A SOX refresher
Named after Senator Paul Sarbanes and Representative Michael G. Oxley, the Sarbanes-Oxley Act (officially titled the Public Company Accounting Reform and Investor Protection Act of 2002) became a law in July 2002. It imposes strict financial reporting requirements on publicly traded companies. Those companies must have internal policies and controls to ensure accountability as well as to protect corporate data and access to that data. Because IT systems are the tool with which corporations manage their financial systems, the systems need to be audited and companies must remediate issues to meet the spirit of the law. Third party auditors, usually from well-established accounting firms, are responsible for checking compliance.
Enterprise level companies must be compliant by now. Smaller companies and organizations that are in the process of becoming publicly traded have more time.
The challenge of being compliant
The Sarbanes-Oxley Act does not provide detailed, step-by-step guidelines on how to be compliant. There are industry accepted best practices. Plus, third party auditors usually add their own criteria. And there is no one solution available on the market to help businesses achieve compliance. What's more, Sarbanes-Oxley (SOX) is not a one shot deal, so to speak. Companies must continue to be compliant as technology and organizations evolve.
For companies without policies and controls in place, implementation and testing can be a long and arduous task, especially if a company chooses to use manual internal controls to help achieve compliance.
What Miles Consulting Can Offer
We're experts in IT technology and how technology can work for business. Using that expertise, we have successfully completed numerous Sarbanes-Oxley projects for customers in diverse industries.
We employ industry accepted best practices, including the COSO framework, as well as additional best practices recommended by third party auditors. Having worked with many of the accounting firms responsible for SOX audits, we can tailor our methodology to match a firm's criteria, facilitating the compliance process. We also utilize the best audit tools from suppliers such as Ecora and Footprints to help ensure that a superior audit structure is in place.
Need help with HIPPA compliance?
As with our SOX services, we can employ best practices and technology to help your office become compliant.
To learn more about SOX and related PPC Professional Services. legal complaince consulting services: