Compliance Strategies

Project Control Companies, Inc. (PCC) began assisting its diverse client base with internal controls documentation, review, testing, and corrective action plan implementation long before the Sarbanes-Oxley Act (SOA) was announced.   During 2002, PCC tailored its approach to internal control projects to specifically respond to the SOA, and has implemented successfully that approach since.   PCC invested substantial resources in developing a program that successfully allows us to assist our clients in compliance with the SOA's requirements at a reasonable cost.   PCC continually seeks to update and streamline its approach in response to the PCAOB's comments and directions.

Whether you are struggling with first year compliance or working to create a sustainable on-going compliance strategy, PCC can offer a flexible project plan which will meet your organizations' specific needs.

Initial Compliance

PCC recognizes that all companies are unique, and that standardized templates and work programs may not meet the needs of all organizations.  To conduct this type of engagement, however, PCC follows the general framework developed by the Committee of Sponsoring Organizations of the Treadway Commission ("COSO").   PCC's approach produces increasing cost-effectiveness by executing top-down risk-based methods that allow a company to focus on a reduced number of truly key controls.

Compliance Year 2 and Beyond

Once a company has filed its initial internal control report, the focus often shifts from a project-based approach to creating a sustainable and cost-effective compliance process.   Often, the greatest challenges faced by companies at this point are monitoring changes to existing process documentation and controls and continuing to reduce the number of key controls to a cost-effective and sustainable level.   PCC can assist your organization in creating a structured approach to facilitate on-going compliance.   This includes reviewing "lessons learned", developing processes for monitoring change, testing controls, executing gap remediation, and reporting.