Client's challenge
Never having consolidated the disparate systems and processes of various businesses it had acquired, the client faced complications and delay in its controls testing for SOX compliance. The audit committee was concerned and sought assistance in meeting the upcoming regulatory deadline and establishing a less-expensive, more rational way to manage controls testing in the future.
PricewaterhouseCoopers Advisory solution
We assisted the client in improving and standardizing the general computer controls processes and building appropriate testing and monitoring mechanisms into everyday IT activities. This included assistance in reducing the number of key controls and management monitoring activities and in creating common, repeatable control procedures to enable compliance, regardless of the location or platform.
Impact on client's business
Our assistance helped the company meet the compliance deadline and put them in a position to significantly reduce its cost of compliance. Because the client will also be able to reduce the number of software tools currently deployed to support core processes, it will save in other areas as well.
