Internal Control Remediation
Poorly designed or ineffective internal controls can create a ripple effect leading to material weaknesses and restatements. Riveron designs and implements comprehensive remediation plans to rapidly restore confidence in financial reporting.
As accounting experts with audit backgrounds, we know what good governance and an effective control environment looks like. We identify the root cause of the control deficiencies, design and implement improvements to the related processes and establish a sustainable control environment. Partnering with management and auditors, Riveron ensures that risks are properly mitigated to instill confidence that internal controls will prevent and detect potential misstatements.
Our internal control remediation offerings include:
- Root cause analysis
- Process design and redesign
- Remediation plan development
- Training
- Control documentation
Riveron is not a CPA firm.
Riveron provides SOX assistance and remediation of control deficiencies for a publicly-traded financial services company
Riveron was engaged by a publicly-traded consumer finance services provider to help complete the annual SOX compliance framework and reporting cycle. In addition, the Company faced several material weaknesses and significant deficiencies within their controls framework. Riveron provided the subject matter acumen and technical expertise required to successfully remediate the Company’s internal controls to ensure SOX compliance. Riveron evaluated the controls’ design and implementation, developed test plans, and executed the operating effectiveness tests. The result of Riveron’s partnership with management to successfully achieve SOX compliance for the annual reporting cycle instilled investor confidence in the signed officer certifications included in the Company’s public filings.
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