SOX and internal control over financial reporting services

Private company internal controls services

Risk management and internal controls provide tremendous value to private organizations. This value isn’t only for companies getting ready for a public listing; it’s also for companies that want complete, accurate, and transparent financial and operational information available for decision-making and reporting. Additionally, private companies may be able to improve efficiency or the speed of close, to both allow resources to have more time for strategic business needs, and to allow decision makers to get financial information more timely. Our tailored, risk-based approach to controls is practicable in the design and application of the framework for private companies, establishing and/or enhancing their internal control environment to increase the reliability of information from across the organization as its used in the preparation and analysis of the company's financial results and other relevant decision-making activities. Your internal control framework doesn’t need to be overengineered or overly complicated. Instead, it should be designed to be scalable and flexible so it can adapt to changes within and around your company.

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Internal controls cosourcing services

Each organization’s control environment has unique considerations and challenges. Determining that you have resources with sufficient skillsets at the right time can keep your control environment operating effectively and allow for the opportunity to improve your internal control compliance program. Deloitte can help you achieve your ongoing SOX compliance with our cosource services. Deloitte supplements your team with experienced professionals with deep subject matter knowledge, insights, and leading practices, while providing testing support for management’s assessment of internal controls over financial reporting. Our cosource service is scalable and flexible allowing you to decide the level of involvement from ad hoc to more recurring assistance.

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SOX modernization services

By harnessing cutting-edge technologies such as GenAI, we can bring the benefits of automation, real-time insights, and advanced data analysis to your SOX modernization efforts, transforming compliance from a checklist exercise into a strategic asset.

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Services for complex and infrequent transactions

Organizations may enter transactions or events that can be strategically positive but can also be disruptive for their business. These transactions may be infrequent but can be complicated and have their own unique internal control considerations. As you enter these transactions, Deloitte can take a fresh look at your control environment and assist you with streamlining processes and controls and identifying opportunities for effectiveness. Some examples of complex and infrequent transactions where we can assist include post-merger integration of internal control frameworks, adoption of new accounting standards, and evaluation of complex contracts or significant non-recurrent transactions.

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