SOX

Sarbanes-Oxley Act (SOX) mandates that all publicly-traded companies must establish internal controls and procedures for financial reporting and must document, test and maintain those controls and procedures to ensure their effectiveness. Passed in 2002, the purpose of SOX is to reduce the possibilities of corporate fraud by increasing the stringency of procedures and requirements for financial reporting. SOX was enacted as a reaction to a number of major corporate and accounting scandals which cost investors billions of dollars when the share prices of affected companies collapsed, shook public confidence in the nation's securities markets.

For the past few years, organizations have struggled to effectively and efficiently meet the financial reporting requirements introduced by the Sarbanes-Oxley Act of 2002 (SOX). While most companies have been successful in completing their SOX compliance work each year, the manual procedures they employ require a great deal of effort, increase the potential for errors, and fail to provide management with a holistic view of their company's state of compliance.

Vivat's innovative technology solutions can assist your company in mitigating the challenging and complex world of Sarbanes Oxley compliance. Vivat offers comprehensive services and tools to assess and improve the financial reporting processes of businesses. Every company will approach SOX compliance differently; Vivat recognizes this. Our experience gained by working with other companies gives us the knowledge to help organizations think longer-term, make the right choices and create value as sustainability improves. Our approach is unique and comprehensicve, driven by a customized road map that addresses each client's immediate priorities, planned improvements, longer-term strategic improvements and designated timetable.