| Sarbanes Oxley consulting services
for a leading manufacturing company |
| |
 |
| |
| The client |
| This
US based client provides a broad range of high end
technology products and support services to the
building systems and aerospace industries. |
| |
| The challenge |
Following were some
of the business challenges that the client faced
in relation to their internal SOX implementation
program:
 |
Readiness Assessment
/ Key Concern Area evaluation |
|
Reviewing
Control Objectives and Activities |
|
Addressing
segregation of duties & issues to comply
with SOX |
|
Mitigating
risk to an acceptable level |
|
Documenting Control Activities,
Policy and Procedures |
|
| |
| The
solution |
Wipro provided consulting
services and recommendations encompassing the following:
|
Evaluation
of General IT and Application Controls |
|
Operational
processes evaluated against Control Objectives
for Lotus Notes, BaaN etc. |
|
Identification
of documentation requirements |
|
Documentation
of Internal controls |
|
Assessment & improvement
of the adequacy of internal controls |
|
Maintenance of updated
version of controls |
|
Measures for Control Improvement |
|
| |
| Business
benefits delivered |
Wipro helped
the client realize the project goals and achieve:
|
Improved assurance
on internal controls |
|
Accelerated
efforts for compliance to SOX regulation |
|
Improved effectiveness
and efficiency of control and monitoring processes
and procedures |
|
| |
