Skip to content Skip to footer

Loading Results

Sarbanes-Oxley Compliance

Given the current market situation, and the continuously changing regulatory environment, a company that intends to go or recently went public should consider the latest trends in investors’ attitudes. Apart from business and financial performance, other aspects of Sarbanes-Oxley (SOX) - such as governance, risk and compliance (GRC) approach - endorse the company’s public image and may facilitate the decision-making of potential investors.
The first challenge to overcome when complying with SOX requirements, is the transition from the informal control environment of a private entity to a standardised and well controlled environment. SOX is not just a bureaucratic requirement, but also an important tool for Management to formalise processes and establish adequate mechanisms that will enhance operational efficiency.

PwC assists and supports clients by:

  • Delivering customised, interactive training programs and workshops focused on the familiarisation of employees with SOX requirements
  • Delivering Risk Assessment /Scoping exercises
  • Assessing the degree of readiness and the level of maturity of company controls in meeting SOX requirements
  • Documenting key business processes (through narratives / flowcharts / risk matrices), identifying key controls, performing walkthroughs and assessing the design effectiveness of controls, based on PCAOB standards and the COSO framework
  • Testing the operating effectiveness of company controls
  • Evaluating identified deficiencies and providing recommendations for improvement

Contact us

Jock  Nunan

Jock Nunan

Country Managing Partner, Assurance Services Leader, PwC Bulgaria

Petko Petkov

Petko Petkov

Director, Risk Assurance, PwC Bulgaria

Tel: +359 894 421 042

Follow us