Governance, risk and compliance | Certification support services

Adding and retaining value through better internal controls

Regulatory enactments such as the Canadian Security Administrators’ National Instrument 52-109 (NI52-109) and the Sarbanes Oxley Act 2002 (SOX) have significantly changed the corporate governance landscape for publicly listed companies (or reporting issuers) and their subsidiaries in Canada, the United States and around the world.

Guidance and interpretation from the Public Company Accounting Oversight Board (PCAOB) and the Security Exchange Commission (SEC) such as Auditing Standard No.5 (AS5) reduces some of SOX’s compliance burden; however, companies still invest heavily in internal controls over financial reporting (ICFR).

Well designed internal controls that are annually tested for operating effectiveness help your organization

• provide officers with the support and evidence required to certify under securities requirements,
• demonstrate that the Board and Audit Committee are fulfilling their mandates,
• achieve performance and profitability targets,
• prevent the loss of resources, and
• ensure reliable financial reporting and compliance.

We can help you reduce the burden of compliance and avoid potential pitfalls by providing the following certification support services:

• Internal controls analysis and documentation
• Assessment of inherent risk
• Evaluation of potential control gaps
• Testing existing controls
• Remediation of deficiencies

Our risk-focused and pragmatic approach to MI52-109 and SOX compliance is supported by proven methodologies and tools that combine expertise in project management and technology risk management with access to global professional resources. This means you receive efficient, consistent and integrated compliance solutions for ICFR, across Canada and internationally.