Sarbanes Oxley Act (SOX) mandates organizations to maintain a sound internal control structure for financial reporting. Optimally designed and implemented internal controls meeting SOX requirements will enhance the brand reputation and provide a competitive advantage to organizations.

The challenge of designing and implementing internal controls for compliance is organization specific.   However, as most of the processes and internal controls are more pervasively implemented through IT systems, IT management becomes crucial for SOX 404 conformance. Hence it becomes imperative to use proven IT frameworks and standards like COBIT, ISO270001 and ITIL for a successful and effective SOX compliance. Wipro's customized Sarbanes-Oxley compliance solution helps to establish, sustain and optimize IT General Controls, and Application Controls.

Wipro’s Consulting Team implements the SOX Compliance requirements through a consultative and participative approach by

	Defining a strategy road map for IT Control compliance.
	Performing a gap analysis on the identified risks, internal controls and existing processes.
	Defining and deploying industry accepted best practices (aligned to COSO and COBIT frameworks) and best practices recommended by auditors.
	Assessing the IT environment and recommend security and service management related solutions to remediate control requirements.
	Testing the IT General Controls (ITGC) for their design and operating effectiveness
	Implementing IT control optimization and customized sustenance plan.

SOX Compliance Methodology

Wipro has evolved its SOX compliance methodology for effective identification, establishment and sustenance of IT controls.

Why Wipro for SOX Consulting?

Proven & Tested Framework

	Robust methodology addressing the full spectrum IT general control requirements for SOX compliance
	Technical activities well designed to align with COSO and COBIT frameworks in meeting SOX compliance.
	Derived from Wipro’s own experiences in its journey towards SOX Compliance and assessments on BS7799 and ITIL
	Flexibility allows easy customization to individual organizational needs
	Flexible for mid-phase engagements

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