In recent consulting engagements, KMC has repeatedly dealt with the impact of the Sarbanes Oxley Act of 2002 (SOX) on businesses. Whether a business is creating new processes or improving existing processes, SOX compliance must be an integral part of all deliverables.
In the past, companies frequently opted to postpone developing standards, processes and documentation to manage business and integrated I/T processes. Reasons cited include lack of budget, resources, tools and time. Instead, tactical results were the primary business value emphasis. Sarbanes Oxley, combined with the ongoing analysis of business change and I/T results, is shifting the emphasis to process documentation, risk management, materiality, profit enhancement and regulatory agency confidence. In order to control costs, leaders must align business size and strategy with compliance solutions.
Kathy Mast Consulting strategizes with clients to identify tools and techniques that will reduce the cost of creating and maintaining proper controls, methodologies and documentation for compliance requirements, such as SOX. As I have said in my mission statement, "The time to evaluate and document processes for strategic and material contribution to the business is now. Take advantage of the opportunity to improve business operations, innovation and global competitive advantage."
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