The intent of Sarbanes-Oxley is to restore confidence in corporate financial reporting, by requiring corporate management
to fulfill certain annual accounting and corporate governance requirements. The accounting requirements include evaluation
and assessment of financial reporting; identification of risk factors; implementation of controls to diminish or eliminate
the identified risk factors; and testing of the controls to assess their effectiveness. In addition, independent review of
SOX regulations is mandated.
Complying with the Sarbanes-Oxley requirements has become an extremely expensive process. Legal Cost Control's role
is to ensure you are receiving cost-effective work from your Sarbanes-Oxley Auditor.
LCC allows your organization to maintain its arms-length relationship with the SOX auditor-a requirement of Sarbanes-Oxley.
LCC's process offer a detailed analysis of the SOX Auditor's billing and staffing practices, by analyzing these against
your guidelines and generally accepted accounting billing principles. LCC has reviewed billions of dollars of accounting
fees and expenses, for the likes of Enron, WorldCom, and Adelphia Corporations.
LCC's bill review process and audit ensures confidence in meeting the financial practices goals and due diligence requirements
of your organization.
|
 |
 |
|
|
|
|
