.:: Next Generation Technology, Inc | Information Technology::.

	SOX - Sarbanes Oxley:

Financial reporting both for internal and governmental audits is driven by IT systems in the modern world. The era of storing and processing data manually is over. The order of the day is electronic management of data, documents and processes. Thus financial reporting relies heavily on IT systems and internal controls. The Sarbanes-Oxley Act-2002, formally known as the Public Company Accounting Reform and Investor Protection Act of 2002, and generally referred to as SOX (or Sarbox) is a US federal law that requires publicly traded companies to have internal controls in place so that all the relevant information pertaining to business processing and reporting is delivered to the management. Regulatory compliance has been taken to a different plane altogether because of SOX- a steep increase in the resources needed and expenditure incurred, included. Non-compliance leads to stiff financial penalties and personal liabilities. Obviously IT departments in companies find themselves at the frontlines, because they control the IT systems and internal controls needed for financial reporting. At NGTech we understand how important it is for an organization to meet the compliance requirements and thus with our extensive research and in depth knowledge, we offer the following solutions: Identification of the sensitive areas prone to violations Risk Assessment of the identified issues Business process solutions/ Technological solutions Design and Implementation of Controls Implementation guidance and support Rigorous Testing Documentation Training We also provide Auditing services in order to pre determine the extent of work required for being SOX Compliant. Our SOX compliance teams consist of IT professionals who have also logged years in accounting firms and accounting departments of large organizations. This gives them a dual perspective on what exactly needs to be done, and they do it all the time. Once you take NGTech as your partner, rest assured your problems are ours. Remember, we measure our success with your satisfaction.