Internal Control Assessments

Hein has helped companies deal with the wide-reaching impacts of the Sarbanes-Oxley Act (SOX) and its counterparts, NI 52-109 in Canada and ASX Principle 7 in Australia, from the outset. Our regulatory compliance professionals deliver internal control assessments with a top-down, risk based approach. And, our proprietary Hybrid™ Risk Assessment can address your overall company risk and identify areas for significant operational savings—going beyond mandatory SOX 404 compliance.

As one of the country’s top SEC firms, Hein’s extensive experience in all areas of compliance services builds efficiency and value into every engagement. You get additional benefit from the continuity of our team, composed of senior-level professionals knowledgeable in regulations for both new and mature filers, and who understand external auditors’ expectations.

Requiring organizations to report on the effectiveness of their internal controls over financial reporting, and being held accountable for accuracy and integrity, has brought along the need for internal control assessments. SOX has improved business processes in many areas, but also increased costs. It’s important to know when your company may need an internal control assessment, for example:

• Your company is planning an initial public offering (IPO)
• You are contemplating a merger with a public company
• Your company has obtained accelerated filer status

It is equally important that you prepare for internal control assessments early in the lifecycle so that you reach compliance at the right time. We can guide you through developing your compliance strategy and implementing your internal control assessment.

We can also reduce your compliance costs by providing professionals with audit backgrounds to serve as objective and independent adjunct staff. Our objectivity and experience can reduce your external audit costs, and with our years of experience and involvement with SOX advisory committees, we can help you streamline controls and reduce costs without sacrificing control coverage.

As companies grow, changes will inevitably drive alterations to their control system. We help identify the appropriate modifications and provide ongoing assistance to update control systems whenever organizational or business changes occur.