Facing the pressure to manage rising SOX scope and costs? You’re not alone. This in-depth playbook features the latest guidance, tips for pre-IPO companies, and strategies for incorporating AI and automation for greater efficiency -- all written by experts in the field. Download your copy today to help you get started or further optimize your current compliance program.
As the hours, scope, and cost of SOX compliance continue to increase, internal audit teams are being asked to do more with less. Each year, audit teams are expected to deliver faster results with fewer resources while providing broader assurance in increasingly complex areas. In response, best practices have evolved to emphasize taking a risk-first approach and embedding automation and technology into SOX processes.
The last decade has witnessed major advancements in enabling technologies such as AI/ML, audit analytics, and next-generation audit management and GRC solutions. Not only have these solutions helped automate historically manual aspects of evidence collection, testing, issue management, and reporting, but the most cutting-edge solutions have helped SOX practitioners uplevel their risk assessment capabilities through data-driven insights, allowing them to focus instead on high-value activities that require professional judgment.
The imperative to leverage AI, analytics, and audit and GRC solutions is coming from all directions: audit staff seeking to learn new technologies to advance their skill sets and expand their career opportunities, CFOs experiencing pressure to cut costs and manage expanding control environments, and boards seeking to ensure robust oversight while driving technological innovation and efficiency throughout the organization.
This playbook, curated by AuditBoard's SOX experts, is your guide to putting your best foot forward. It provides essential resources and best practices for every stage of the SOX lifecycle, with helpful checklists, infographics, and guidance for integrating enabling technologies that will accelerate your SOX engagements. By utilizing these resources, your organization can elevate its SOX program, turning challenges into pathways for greater efficiency and robust assurance.
