Our client, a publicly-traded manufacturing company, acquired one of their primary competitors. The competitor was privately held and did not have an existing Sarbanes-Oxley (SOX) program. Our client needed a team to document processes, assessment the control environment and determine the effectiveness on internal controls – all in time for the first year financial reporting deadlines.
Our Solution
Orion Solutions worked with the client to develop a project plan and provided a highly experienced team of consultants with extensive SOX and SOX IT experience. The team carried CIA, CPA and CISA designations and averaged more than 20 years of experience. We developed a multi-phased program that started with process and control documentation, initial evaluation of control design and effectiveness, and then moved into full testing of control effectiveness, reporting of deficiencies, and working with management to remediate and retest failed controls.
Client Outcome
Orion Solutions experienced team was so efficient that each phase was completed under budget. The client used the extra time to have our team work on other projects including an audit of a manufacturing site and review of controls surrounding an ERP implementation.
