This
diagram shows the VISUAL Assurance Corporate Governance Framework
within which listed companies operate in order to be SOX compliant.
It demonstrates a typical corporate governance infrastructure for
listed companies and sets SOX 301/302 and 404 compliance activities
in the proper context. At the heart of a SOX 404 projects is management's
need to document, assess, test and continuously monitor the effectiveness
of internal controls over financial reporting.
VISUAL
Assurance (VA) is a highly effective key enabler for SOX compliance.
VA provides a COSO/PCAOB
centered framework, methodology and road map to scope and drive
the ongoing success of SOX projects from quarter to quarter, year
on year. To accelerate the SOX process, VA comes pre-loaded with customizable
enterprise, company
and activity level control template libraries integrated with drill-down
control issue tracking, corrective action
plans and extensive exception reporting capabilities.
The
VA platform's extended capabilities additionally provide a highly
effective and efficient solution for broader governance, risk management
and compliance activities, as needed.
