Schneider Down SOX Services


 Schneider Downs specializes in the implementation and ongoing support of SOX programs that align with the Security Exchange Commission (SEC) and Public Company Accounting Oversight Board (PCAOB) standards and guidance. We apply a risk-based, top-down approach that drives both efficiency and effectiveness into the program, our services include: 

Public Company Readiness and Program Development & Implementation

Schneider Downs assists companies with the implementation and ongoing support of their Sarbanes-Oxley programs including the scoping, documentation and key controls, design effectiveness, and operating effectiveness phases considering independence restrictions.  Our methodology will guide companies to ensure the right strategy, operating structure, people, process, and technology are in place.

The first 302 certification is required the first quarter after filing for new publicly traded companies.  Operating effectiveness practice testing can be provided to provide management greater assurance that key controls will be effective when the requirements start.  This assessment is meant to identify gaps and make recommendations to assist clients in implementing a successful Sarbanes-Oxley program. We use a five-point strategic framework to implement and assess Sarbanes-Oxley programs:

Schneider Downs SOX Strategic Framework

Strategy and Vision
  • SOX strategic plan and objectives
  • Stakeholder alignment and communications
  • SOX program performance and KPIs
  • External auditor reliance
  • Integration of acquisitions
  • Identification of regulatory changes (PCAOB, SEC, etc.)
Technology and Innovation
  • SOX GRC tools
  • Automated controls
  • ERP specific risks
  • Data analytics and tools
  • Continuous monitoring
  • Robotic Process Automation (RPA)
SOX Lifecycle Process
  • Scoping and risk assessment
  • Key control identification
  • Control documentation
  • Control testing
  • Deficiency remediation and reporting
  • Key reports
  • Segregation of duties
  • Quality
  • Customer feedback
  • Control optimization
People and Talent
  • Technical resources (finance, IT, PMO, etc.)
  • Training
  • Performance management
  • Sourcing strategies
  • Staffing model and mix
  • Surge capacity
Operating Structure
  • SOX oversight and governance
  • Project management office
  • Linkage with other assurance functions
  • Centralization/standardization of processes and controls
  • Budget and funding

Controls Optimization

Our Sarbanes-Oxley program including the strategy, operating structure, people, process, and technology are evaluated to ensure the program is operating in an optimized state.  For a successful Sarbanes-Oxley program all these parts need to be working together and moving in the right direction.

The scope, risks, testing strategies, documentation including key controls, testing results, mapping controls to risk, flowcharts, and walk-throughs will be evaluated to assess if documentation and testing strategies are operating at the most effective and efficient levels.

Risk and Control Assessment and Testing

We partner with our clients to customize, plan and execute agreed upon Sarbanes-Oxley services, including:

  • Co-sourcing and outsourcing financial and IT services
  • Internal and external audit services
  • Domestic and international services
  • Independent control design and operating effectiveness testing
  • Risk assessments to define/re-define scope 
  • System implementation control evaluations
  • Financial pronouncement impact assessments
  • Merger and acquisition impact assessments
  • Self-assessment strategies
  • Segregation of duties wellness check
  • Flowcharting

Schneider Downs' SOX Approach

Our proven SOX Section 404 methodology follows a disciplined four phase approach to SOX readiness starting with mobilization and scoping, followed by documentation, design effectiveness and operating effectiveness. Our methodology is built on a foundation of continuous training and awareness communications to keep the appropriate personnel informed throughout the entire process. Learn more about our approach with our comprehensive SOX 404 Methodology overview or download our SOX Service Overview.

Sarbanes-Oxley Resources

About Schneider Downs SOX Team

Schneider Downs’ dedicated IT, financial, and operational audit professionals have Sarbanes-Oxley experience working with a wide variety of industries of all sizes, including domestically and internationally.  We have proven experience with the all the commonly used processes, applications, platforms, and databases, including HR, Accounts Payable, Accounts Receivable, Inventory, SAP, Oracle ERP, JDE, Windows, Linux, Unix, AS/400, Oracle databases, SQL Server, etc.  Our staff are certified and up-to-date on Sarbanes-Oxley guidance.

If you are ready to get started or need additional information please contact us.

case studies

                                    Company impacted by ransomware.
big problem:
Company impacted by ransomware.
big thinking:
Restore system on-site and avoid six-figure ransom.
                                    Inefficient tax credit realization.
big problem:
Inefficient tax credit realization.
big thinking:
Identified a $900,000 tax credit, nearly twice as much as prior years.

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Map of Pittsburgh Office

One PPG Place, Suite 1700
Pittsburgh, PA 15222

[email protected]
p:412.261.3644     f:412.261.4876

Map of Columbus Office

65 East State Street, Suite 2000
Columbus, OH 43215

[email protected]
p:614.621.4060     f:614.621.4062

Map of Washington Office
Washington, D.C.

1660 International Drive, Suite 600
McLean, VA 22102

[email protected]

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