SARBANES-OXLEY (SOX) AUDIT SUPPORT ✅ BUSINESS ✅ SERVICES

Stage 1: Initial SOX Compliance Assessment

Includes:

Analysis of current corporate governance structure
Assessment of existing internal controls over financial reporting (ICFR)
Identification of gaps in SOX compliance (Sections 302 and 404)

Lawyer's Actions:

Conducting legal audit of policies and procedures
Preparing compliance assessment report
Advising on legal risks and officer liabilities

Stage 2: Development and Implementation of Compliance Policies

Includes:

Preparation of internal control policies
Development of information disclosure and risk management procedures
Consulting on control automation

Lawyer’s actions:

Drafting legally justified internal policies
Collaboration with IT, finance department, and external auditors
Preparation of documents for Section 302 certification

Stage 3: Support During External Audit

Includes:

Legal support in working with independent auditors
Protecting the company's interests during inquiries, interviews, and inspections
Remediation of identified control deficiencies

Lawyer’s actions:

Representing the company in communications with auditors
Reviewing compliance of prepared documents
Preparing explanations/responses to auditor's inquiries

What is Sarbanes-Oxley (SOX) Audit and Its Importance for US Businesses

The Sarbanes-Oxley (SOX) audit is a crucial component of corporate governance that ensures financial reporting transparency and protects investor interests. SOX compliance requires companies to establish internal controls guaranteeing accuracy and reliability of financial information. For legal entities doing business in the US, especially public companies, SOX audit is not just a legal requirement but also a tool to minimize risks of financial violations and potential penalties.

Key Stages of Legal Support for Sarbanes-Oxley (SOX) Audit

Legal support for SOX audit includes several key stages aimed at ensuring company compliance with regulatory requirements:

Internal Control Assessment - analysis of existing processes and policies to identify gaps and potential risks.
Development of Recommendations and Control Improvements - preparation of documents and procedures meeting SOX standards.
Audit Preparation and Auditor Interaction - assistance in gathering required documents, responding to inquiries, and conducting employee training.
Audit Process Support - legal accompaniment of the audit, dispute resolution, and compliance consulting.
Post-Audit Support - assistance in implementing auditor recommendations and reporting to regulatory bodies.

Key Legal Services for SOX Compliance

Legal support for Sarbanes-Oxley (SOX) audit includes a wide range of services helping businesses avoid violations and penalties:

Risk Analysis and Internal Control Audits - assessment of existing procedures for SOX compliance.
Development of Compliance Policies and Controls - creation of clear and understandable employee guidelines.
Corporate Governance Consulting - ensuring effective operation of boards and committees.
Support for Internal Reviews and Audits - organization and supervision of internal inspections preparing for external audit.
SOX Compliance Training for Staff - conducting training for employees responsible for control processes.

Choosing reliable legal consultants for Sarbanes-Oxley (SOX) audit support is crucial for successful compliance and risk minimization. We provide professional support at all audit stages, considering your company's specifics and helping confidently pass inspections while ensuring stable US market development. Contact our experts for quality legal support tailored to modern SOX requirements.