In response to the spate of corporate scandals and failures such as Enron, Tyco and Adelphia, the enactment of the Sarbanes - Oxley Act of July 2002 has placed a burden on US corporations not only to have a robust system of internal and disclosure controls but also to be able to demonstrate that those systems are adequate.
The costs being incurred by many companies in complying with this legislation are very high. We have worked with multi billion dollar companies, helping them optimize their control environment, identifying key controls, designing tests of these key controls and executing the tests. The process that we employ has enabled companies to realise cost savings of over 50% compared to previous years, savings amounting to millions of dollars. We also have a technique specifically designed for small cap companies, which would enable such companies with reasonable expenditure, to be compliant with Sarbanes Oxley.
Sepia Associates will bring to your organization our extensive international experience in this field. We can help you, both large and small cap companies, evaluate and reengineer your internal control environment to meet the onerous requirements of Sarbanes-Oxley Act.