The Sarbanes-Oxley Act of 2002 (Sarbanes-Oxley) is a US federal law which all US public company boards, management and public accounting firms have to comply with.
It came into force as a reaction to several major corporate and accounting scandals.
In 2006, Blick Rothenberg became the first accounting and administration services organisation in the UK to become Sarbanes-Oxley compliant.
We have maintained this accreditation ever since, undergoing annual audits by US-based specialist auditors.
Sarbanes-Oxley - how we comply
SOC 1 reports, previously known as SAS 70 reports, summarise the systems of internal control at a service organisation like Blick Rothenberg.
The report covers an independent and thorough investigation of our business to confirm that our systems and processes are both appropriate and consistently applied.
Our SOC 1 report has many of the same elements as the SAS 70 Type II report, but includes a more formal management assertion letter.
How does Sarbanes-Oxley benefit you?
Being the first, and one of the few known non-US accounting firms to obtain this accreditation, demonstrates that we are at the leading edge of providing services to companies expanding globally.
It also demonstrates that we treat security of your financial information as a key concern.
If you are an international business audited in the US, our accreditation provides you with a number of benefits, avoiding costs and disruption when your group auditors need to check the systems and controls that apply across your business as a whole.
Historically, it has proved of particular benefit to businesses considering an IPO.
Even if your organisation is not governed by Sarbanes-Oxley, our accreditation is testament to our commitment to providing you with the highest quality accountancy and compliance service.
For more information about this and how your business may benefit from this accreditation, get in touch.
Our accreditation is testament to our commitment to providing you with the highest quality accountancy and compliance service.