Sarbanes-Oxley Act (SOX) Section 404 Audit and Compliance Services

We at Padilla and Company, offer Sarbanes-Oxley Act (SOX) Section 404 audit and compliance services. We have developed a comprehensive approach to comply with the requirements of SOX 404. We have been in the industry long enough to understand the complexities of financial risk assessment and the remedies to address issues related to internal controls.

We provide service for SOX 404 compliance on a top-down risk assessment method based on the Public Company Accounting Oversight Board (PCAOB) that allows us to focus on areas that pose the highest risks to financial reporting misstatement. We are guided by the COSO framework to ensure appropriate risk assessment, communication and monitoring are in place to achieve financial reporting reliability for your company.

Our approach revolves around the 5 components of Internal Controls:

1. Risk Assessment – Identification and analysis of the risks of material misstatement
2. Control Environment – Analysis of the foundation of internal controls and the condition of the atmosphere by which a company operates.
3. Control Activities – Review of measures that aim to reduce the risks associated with achieving financial reporting objectives.
4. Information and Communication – We will also identify the key processes used to distribute information to achieve financial reporting objectives.
5. Monitoring – We will provide your company assessment on the monitoring of quality of your key performances over a period of time.

We are hoping that our expertise and extensive knowledge of SOX 404 compliance be of service to your company. Do let us know where we can customize our approach to better suit your business needs.