Sarbanes-Oxley compliance requirements have elevated the role and responsibility of audit companies while taking aim at the c-suite with tough new rules that call for increased accountability from top company executives. Corporate disclosure, compliance oversight, controls monitoring, company training, and—the practice of public accounting—all have been impacted by Sarbanes-Oxley. Most companies face a compliance concern related to SARBOX rule 404. That rule requires management to assess the effectiveness of the company's internal controls over financial reporting and include its findings in the company's annual report to shareholders.
For all Securities & Exchange Commission (SEC) registered organisations — whether subsidiaries of US domestic registrants or an Israeli foreign private issuer — that need to comply with the requirements of section 404 of the Sarbanes-Oxley Act, PwC Israel provides a range of services to help you achieve compliance.
Our advisory services include project management assistance, technical support, determining the risk assessment and scoping activities, assisting in documentation and evaluation efforts, training, quality assurance, and review. For non-audit clients, PwC Israel we can also provide direct assistance in the evaluation and remediation of controls.