Alyned Thinking

Press archives over the past decade have demonstrated that many Public Limited Companies in the United Kingdom have either collapsed or made the headlines due to accounting irregularities or some other form of lack of internal control to ensure financial statements are reliable. This article explores the need for UK businesses to anticipate wide-scale adoption of SOX, as they progress down the path to building better businesses.

We have an exciting June planned with 6 upcoming events! Find and network with Alyne team members who will be participating in an array of events that are happening, both virtually and in person.

While Sarbanes-Oxley Act (SOX) is a familiar topic, organisations still struggle to find the best approach for SOX attestation. At Alyne, we aim to provide some clarity to the often ambiguous SOX and Internal Controls over Financial Reporting requirements. Learn about some of the benefits that a well-performing Internal Control System (ICS) aligned to SOX can provide your organisation. Register for our upcoming webinar where our experienced speakers will be sharing success factors and risks to consider along your SOX compliance journey.

In order to be compliant with SOX and to meet ICFR requirements, organisations are required to create controls that cover a large scope of IT and financial aspects, all tailored to their unique organisational structure. Leading organisations point to frameworks such as COBIT and COSO and even a combination of the two, to adopt in your quest for SOX and ICFR compliance. Alyne's Content Library goes beyond providing IT and Information Security related Controls and now contains extensive coverage of Financial Controls focused purely on the financial integrity of an enterprise. 

After some of the worst accounting scandals in history, the United States Congress passed the Sarbanes-Oxley Act (SOX) in 2002. In this article, we will discuss the background of SOX, the requirements of internal controls mentioned in Section 404 of the Act, and how compliance technology can facilitate a more efficient and agile process.