sarbox accelerator

Regulations require that publicly traded companies implement internal controls in their financial, operational and asset reporting. These controls strongly depend on the incorporation and improvement of effective information technologies and business methods.

The Sarbanes-Oxley Act of 2002 provides organizations with a framework which can be implemented via a series of internal controls based on standards such as: COSO, COBIT, and ISO17799, establishing effective best practices to optimize internal controls. Not only can internal controls maximize corporate operational productivity and business continuity, but they can also increase investors’ level of trust.

The SarbOx Accelerator solution is a development platform for documenting and automating processes, integrating with existing applications, identifying users and participants, and managing the publishing of restricted information. In addition, it continuously generates, manages and monitors the auditing traces required by the Sarbanes-Oxley regulation.

QoS Labs identifies the phases considered for the implementation of generic solutions under the Sarbanes-Oxley compliance process as the SarbOx Life Cycle. To complete this cycle, the enterprise must start with the analysis and design of internal controls for financial reporting, operations and assets, and follow through all those relevant activities that support everyday operations management, as well as the adjustments required to improve those business processes identified by the Sarbanes-Oxley Act and the corresponding internal controls required by them.