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ComplianceSet
Benefits
ComplianceSet
Benefits
ComplianceSet® Benefits
| Reduce Resource Constraints | |
 | Reduce time required by staff to maintain, test and remediate the system of internal controls for financial reports (ICFR) |
| | Increase productivity of audit team by facilitating evidence gathering and review |
| | Enable management to distribute the level of effort required throughout the year |
| Improve Management Effectiveness | |
| | Receive real-time dashboard information ("the right information at the right time") |
| | Improve communications with key stakeholders (audit committee, board of directors, external auditors, etc.) |
| | Increase management confidence in the system of ICFR |
| Improve Organizational Effectiveness / Accountability | |
| | Distribute controls process ownership and accountability throughout the organization |
| | Facilitate sub-certification and sign-off for 302 certification and 404 assertion |
| | Enable multiple test groups (internal and external) |
| Improve Quality and Reliability of SOX Certifications / Assertion | |
| | Centralize and standardize controls and testing documentation |
| | Maintain consistent audit trail of controls testing and supporting evidence online |
| Reduce TCC to SOX Process Efficiency Improvements | |
| | Facilitate external, independent auditors' review of management tests, resulting in substantially reduced audit fees |
| | Reduce time required to test and remediate controls through key proprietary functionality, resulting in significant savings of internal costs |