SOX News

Consero Introduces Cost Effective, Long Term SOX Compliance Solution

(Dec 16, 2008)-- Consero Global Solutions has unveiled its SOX Compliance Service, helping companies implement controls and reporting requirements to meet the standards of the Sarbanes-Oxley (SOX) Act. Consero Global Solutions provides the expertise and methodology to drive and maintain compliance – all at a 50-60 percent cost savings over local resources.

SOX was enacted in 2002 to help improve quality and transparency in financial reporting. The main wave of SOX compliance activities has largely ended, leaving public companies focused primarily on maintaining their SOX compliance status. Companies in a dynamic business environment typically find these ongoing maintenance and audit activities require significant time and resources to accomplish. For companies who want to go public, becoming SOX compliant is simply a laborious and expensive effort. Both of these scenarios require a service provider with the right experience and methodology to execute effective and timely compliance activities – from implementation to audit.

Consero Global Solutions created its SOX Compliance Service with its offshore finance and accounting model to help meet these reporting requirements. By utilizing Consero’s experienced SOX reporting resources, CFOs get the best of both worlds – expert resources at significant cost savings over local resource options.

As part of its SOX Compliance Service, Consero provides:

* Establishment and execution of all COSO-described compliance areas
o Internal control environment
o Risk assessment
o Control activities
o Documentation and reporting structure
o Monitoring and updates
* Liaison for all SOX compliance stakeholders
* Periodic 3rd-party auditing and reporting

“Our SOX Compliance Service is another example of our commitment to providing the industry’s most complete outsourced financing and accounting services to our clients,” said Scott Tynes, CEO of Consero. “Our people, proven methodology, and superior results set us apart from the industry and provide a unique value proposition for public companies.”

To learn more about Consero Global Solutions, please visit www.conseroglobal.com.

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