- Audit & Accounting Services
- Employee Benefit Plans
- Public Offerings & Private Placements
- Risk Advisory
- Internal Audit Advisory
- Risk-Based Auditing
- Controls Rationalization
- Enterprise Risk Management
- Information Technology(IT) Audit and Governance Advisory
- Fraud Advisory Services and Investigations
- Sarbanes-Oxley Advisory
- SAS 70 Readiness
- Corporate Governance and Ethics
- Regulatory Compliance
- Internal Control for Nonprofits and Private Companies
- SEC Reporting
- Small Business Accounting Support
- SAS 70 Audits
- Tax Services
- Business Consulting Services
- Individual Client Services
Controls Rationalization
The cost of complying with various regulations, such as the Sarbanes-Oxley Act of 2002, has exceeded what many ever thought probable mainly due to the initial approach taken by most companies: document all processes and test everything. Today, as companies have a better understanding of controls in place at their organizations, they are concentrating on finding ways to maintain compliance while keeping costs under control. EKS&H can help companies address control design and testing flaws, ensuring a long-term focus rather than inadvertently eliminating certain key controls from their testing in an attempt to cut costs.
EKS&H’s controls rationalization is a top-down, risk-based approach that identifies ways to streamline compliance efforts across an organization. Our Risk Advisory Services professionals ensure that controls add value through ensuring that the people, processes, and technology that drive your company’s core functions remain aligned. Through controls optimization, EKS&H ensures that the aggregate control system is functioning as intended – flagging potential risks as they occur – and identifying misalignments that arise from inefficient business processes, poor training, improperly configured IT systems, and fraud.
Clients who use our controls rationalization services enjoy many benefits, including:
- Increased operational efficiencies, caused by the reduction in non-key, primarily manual detective controls and the increased use of automated and monitoring controls
- Reduced internal and external audit time and overall cost of compliance
- Transformed culture as internal controls become embedded and “owned” throughout organizational operating activities and employees’ understanding of risk mitigation and their contribution increases.