Sarbanes Oxley Compliance Services
For many companies, the accurate statement of fixed assets is material to the balance sheet and critical for compliance with the Sarbanes-Oxley Act (SOX) – in particular, SOX 404 internal control validation. Simply put, your balance sheet must reflect fairly the assets of your company for SOX compliance.
Is your business at risk?
It is surprisingly common for companies to report material weaknesses or significant deficiencies as a result of major problems with data validation and quality. In fact, there have been 159 confirmed SOX material weaknesses reported related specifically to fixed assets, and there are 2,379 companies in a position of potential material weakness related to fixed assets. Read more about what defines a material breach of fixed asset accounting as it relates to Sarbanes-Oxley compliance, and find out quickly if your organization is at risk with our Compliance Tester.
Ensure an accurate picture of your fixed assets
Asset Management Resources can virtually eliminate uncertainty about the financial accuracy of your fixed assets. Our independently conducted, wall-to-wall fixed asset inventory and reconciliation services (FAIR) represent the best practice for data validation. No other company offers our combination of proven methodologies, experience and SAS 70 Type II-certified status.
AMR offers:
- SOX consulting services to help you define your needs and goals
- FAIR services to ensure accurate, validated and fortified data going forward – so you can file with confidence
Our Sarbanes-Oxley consulting services include:
- Review and analysis of fixed asset management processes
- Assessment of systemic issues by devising, documenting and implementing an overall fixed asset management strategy
- Identification of any required technology resources
- Plan implementation and documentation of controls
- Comprehensive fixed asset inventory and reconciliation of fixed asset balance sheet accounts
Take control of your fixed assets – contact us or call 877-401-4639.