As we enter into 2023 in a more challenging business environment, the latest installment of our Future of SOX webcast series will focus on ways to make your SOX program more efficient.
We will discuss some of the actions you can take to drive more efficiency out of your SOX program, and discuss some of the common causes of increased hours and costs related to SOX programs and explore some practical ways to enhance the efficacy of SOX programs. Specifically, we will discuss:
- Common issues that cause SOX programs to become ineffective and inefficient
- The critical role of driving standardization and automation into all three lines of defense
- The various options and alternatives you can take depending on the level of external auditor reliance you are aiming to achieve
- Practical ideas to implement to drive efficiency throughout the program
- The importance of culture and governance.
- The importance of defining the role of the SOX function in order to drive more value.