Restoring Confidence Through Transparency.
CNM’s Compliance and Risk Advisory Services (CRS) are comprised of Sarbanes-Oxley Consulting (SOX) and Internal Audit services. These provisions require the CEO, CFO and external auditors to establish internal procedures and controls for financial reporting and to issue a report in the Company’s Form 10-K on the company’s financial operations.
Since 2003, CNM has been assisting Fortune 500 companies to middle market companies in managing risks and complying with SOX provisions – from initial implementation through continued compliance.
Expertise and Specialization
All of our CRS professionals have either been trained at Big 4 accounting firms or have operational experience as controllers and CFOs. They have the technical skills and extensive SOX 404 and internal audit knowledge to minimize your risk without compromising your growth.
- Risk Assessment Preparation
- Entity Level Controls
- Fraud Assessment
- Completion of Planning Scope
- Documentation of Process Information Flows, including the relevant financial statement assertions, risk, and controls
- Completion of Process Testing, on behalf of management
- Aggregation and Assessment of Operating and Design Deficiencies
- Reporting of Project Progress and Results to the Audit Committee, Management, and External Auditors
Internal Audit Services
In today’s rapidly changing business climate, with unprecedented regulatory pressures and market expectations, many organizations face ongoing challenges to improve the effectiveness of their internal audit functions. An increasing number of these organizations find it hard to get the specialized skills needed for a high-performance, cost-effective internal audit function.
Many organizations recognize the benefits of having a strategic partner that can assist with an existing internal audit function or provide a fully outsourced solution.
CNM can customize a solution depending on your specific internal audit needs. Our value-added services range from providing staffing support to your internal audit team (co-sourcing) to performing the entire internal audit function (full outsourcing).
We’ll help you identify internal audit areas that represent key operational, compliance and strategic risks to your organization. And we’ll work with you to find flexible, cost-effective solutions for achieving your company’s objectives.
Internal Audit Co-sourcing
Under a co-sourcing arrangement, your internal audit department will work together with our team. We can provide specialized skills and also augment short-term staffing shortages on ad-hoc reviews and projects.
Internal Audit Full Outsourcing
We can assist your organization in developing an internal audit approach focused on high-risk areas rather than the traditional compliance approach. Oftentimes, an organization retains a high-level resource such as a lead internal auditor who is responsible for the organization’s internal audit process and communications with the Audit Committee. We assist by conducting all the agreed-upon internal audit reviews throughout the year.