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Who are we? Headquartered in Atlanta, Audit Practice is an audit, IT and financial services consulting firm focusing on the areas of Compliance, Risk Assessment, Internal Audit, Sarbanes Oxley and Operations Consulting that identifies and helps you manage and control your compliance and operational risk. What makes us different?"Sarbanes-Oxley for non-accelerated small cap companies is currently scheduled to be in effect for the end of 2009. Compliance cost companies $32.3B through 2008, while
spending for 2007 alone was $6.0B, on par with 2006. But SOX is only
20% of total spending on governance, risk management, and compliance
programs—a $29.9B yearly market" according to AMR Research. Their findings are based on a recent AMR study in which more than 300 business and IT leaders were surveyed on their SOX broad compliance spending priorities. Audit Practice delivers uniquely focused expertise in AS5 focused Compliance, Risk Identification and Assessment, Sarbanes-Oxley conslting and compliance, Enterprise Document Management, traditional internal auditing, IT internal auditing, SAS70 testing and PCI consulting. We understand Risk and Control Self Assessment (RCSA), compliance and internal control and have an appreciation of what constitutes “best practices.” Our senior seasoned professionals, who leverage their extensive business knowledge and experience, enable us to provide our clients with extra value - going above and beyond just SOX compliance and delivering the basic building blocks of RCSA to build in internal control and reporting in the core operations business process. Our resource pool includes professionals with heave experience in sales, marketing, business development, project management, Six Sigma and Kaizen, Master Production Scheduling, engineering, global distribution, retail, process manufacturing, finance, accounting and IT. Our people enable us to understand the big picture of your total operations, ultimately moving you beyond the process of SOX. Our services includes:
What organizations can we help? Small-cap firms (<$75M) Smaller organizations may now have until fiscal year end 2009 to initially attest. Given this, when should you ideally begin the process? If you’ve already started, should you slow down or maybe wait to see if the standards will change? How do you maintain what you have already accomplished? Small-cap firms have a slightly different set of challenges. We have experience in this arena and can guide you along the most appropriate path. We can help you save up to 40% of your external attestation fees and costs by correct planning. Maintain Your Momentum. Mid to large companies who have already attested You’ve just spent a substantial amount of capital on your SOX initiative but that’s really only the first step. We can help you minimize your ongoing Attestation costs by 40%. We can help convert your compliance work to an RCSA initiative. We can help you address any outstanding gaps or issues in a priority sequence that makes sense for your operations. You’ll need ongoing support for continually changing systems, IT auditing help and support, and continual process improvement regarding the compliance process itself. The larger question is how do you recoup the investment costs you’ve incurred? We can work with you to uncover areas of your business that can benefit from implementing operational efficiencies. In theory, SOX requires you to document your processes whether they’re best practice or incredibly inefficient. Streamlining and optimizing your processes are the logical next step. We can help you get there. Leverage Your Momentum. Who have we worked with? Our Atlanta based Compliance and Internal Audit clients include:
Our CONSULTING clients include: |