Region: Dallas
Industry: High Tech,Distibution
Service Line(s): Risk Management Services
Developed and implemented a complete Sarbanes-Oxley compliance program.
“AC Lordi has provided the expertise we needed when we needed it. Their consultants have helped us comply with SOX in a manner that has been effective and efficient for our smaller company. In addition, AC Lordi has supplemented our staff with flexible resources to ensure our accounting and audit project success.”
Thomas Tipton, Chief Financial Officer
Company Background:
Interphase is a leading provider of building blocks, highly integrated sub-systems, and innovative gateway appliances for the converged communications network.
Business Challenge:
As a non-accelerated filer with a 12/31 year-end, Interphase needed to comply with Sarbanes-Oxley by March 30 in order to file their 10-K with the appropriate disclosures. The company was also in the midst of completing a multiple module SAP implementation, and had limited resources with which to begin their first-time Sarbanes-Oxley compliance efforts.
AC Lordi Consulting Solution:
AC Lordi helped Interphase to identify their control set in their new IT environment in order to prepare for compliance. We then managed the initial Sarbanes-Oxley compliance effort for the United States and France including documenting the compliance methodology, planning and scoping, key control identification, documentation, and testing. We also developed an antifraud program, and implemented the Aline4SOX™ solution to provide automated reporting and scoping, and dashboards for real-time visibility across the enterprise for all aspects of compliance including risk assessment, documentation, and testing.
Value Delivered:
Interphase successfully complied with Sarbanes-Oxley and filed their 10-K on time with the appropriate disclosures. We worked closely with the external auditors to ensure they were comfortable with the methodology, documentation, testing and disclosures. Aline4SOX™ provides them with a repeatable program which will lower costs by reducing, standardizing, and optimizing key controls. It also provides a central location and easy accessibility to all documentation and testing for everyone involved in the process including their external auditors.