Internal Controls Review and SOX Compliance – Post-Fraud

Industry: Fortune 1000 Healthcare

Scope: Internal Controls Review and SOX 404 Compliance – Post-fraud

Background: In the aftermath of a material accounting fraud, this CTS Impact client was required to restate several years of financial data.  In conjunction with this effort, an extensive review of its internal controls was required, including remediation of material weaknesses in its controls over financial reporting at both the field operations and at the corporate level.

CTS Impact Solution:  

  • Field testing coordination
    • Develop and manage a Field Testing Help Desk, along with related project management tools, to coordinate testing at over 100 facilities across the U.S.
    • Review test results submitted by field testing teams to identify controls gaps
    • Develop test plans and conduct testing at selected facilities
    • Liaison with external auditors and other third-party service providers
  • Corporate testing
    • Document and test corporate-level controls including treasury, cash management and tax functions
    • Remediation planning to address material weaknesses
2017-02-08T23:41:18+00:00