Prepare for SOX Audit Reform Now

UK’s BEIS is considering enforcing regulations to ‘restore trust in audit and corporate governance’ (from BEIS white paper), impacting regulators, auditors, internal directors, and the public. One of these considerations is a more stringent SOX-like audit reform. The deadline for the new SOX reform is 2024 and companies need to prepare now for further, more substantial scrutiny of all internal financial reporting. Starting with a good hard look at the business – finding deficiencies and identifying opportunities to make internal procurement, expenditures, and other operational and financial processes more structured, cost-effective, and streamlined.

How can companies implement a SOX program using innovative AI technology saving on time and costs?

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