 Regulatory
compliance has evolved from "should do" to "must do". It is the
cornerstone upon which all financial accounting and reporting
tests.
Our Approach:
- Is based on COSO and COBIT standards;
- Is measured, methodical and thorough (we leave no stone
unturned);
- Provides cost/benefit analyses and realistic timelines
for proposed procedures;
- Uses time-proven project management practices;
- Provides senior management with periodic milestone and
status reports.
Key Points:
- More than twenty-five years experience in implementing
process, procedures and controls
- Varied industry experience - financial services; retail;
state and local government; and health-care
- Old habits and practices have to be unlearned. practices
sufficient in the past may no longer be relevant. Staff and
management must learn new skills, practice procedures.
Regulatory Compliance - In Depth:
Without a doubt, Sarbanes-Oxley is the single most important
and far-reaching piece of legislation affecting corporate
governance, financial accounting and the practice of public
accounting since the U.S. securities laws of the 1930s. In the
wake of the bill's passage, auditing has become more of a
regulated industry. Organizations have greater financial
reporting and control responsibilities, and stakeholders expect
auditors to hold their clients to higher standard than ever
before.
ATP Consulting helps bridge the gap between Finance and IT.
Angelo Esposito, ATP's founder and President, has more than
twenty-five years experience in establishing controls and
procedures that meet Finance's unique and demanding needs. The
firm brings an ordered, thoughtful approach to process
implementation and oversight.
This is necessary because compliance with Sarbanes-Oxley has
imposed significant costs on public companies, especially
smaller ones. Industry experts note that it's very expensive to
develop internal controls and procedures, and these costs
directly affect the bottom line.
In addition, the demand for greater accountability is leading
not only to increased costs, but also to arising adversarial
relationship between auditors and their clients. Worse, it is
creating tension between Finance and IT. Many of the controls
upon which financial executives depend must be implemented by
information technology staff - two groups that often do no speak
the same language.
ATP Consulting uses a methodical, measured approach to
guarantee compliance with Sarbanes-Oxley. In addition to using a
pre-defined checklist that ensures no step is missed, the firm
acts as Liaison between Finance and IT, ensuring that both
depar™ents are working together to meet the organization's
overall objective. Most importantly, ATP Consulting provides
executive management with the documentation auditing firms
frequently request when undertaking their annual examinations.
"Sarbanes-Oxley is the big elephant in the corporate
boardroom," Mr. Esposito say recently. "The mistake that many
executives make is in trying to eat the elephant in one sitting.
That is neither practicable nor feasible. A project as
intertwined and complex as this has to be undertaken one step at
a time. This thoughtful and measure approach is the value that
ATP Consulting provides."
Learn More:
Let GuardBotz.com and ATP Consulting help manage this
transition in the most seamless and cost-effective way possible.
To learn more about Regulatory Compliance, please use our
contact form below:
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Regulatory
Compliance