For 26 years, KBA Group has helped private and public companies interpret and implement solutions relating to a rapidly changing regulatory environment. Our team members have hands-on experience having spent their careers with major corporations and international accounting firms. We work closely with our clients to focus on the issues; develop a strategy to implement, manage and execute a plan; to communicate the plan; and to monitor and measure results.
Why KBA’s Risk Advisory Services Group?
KBA has a dedicated team of risk advisory professionals whose careers have focused on internal controls and Sarbanes-Oxley implementation. Meet Chris Mitchell, Principal-Risk Advisory Services.
KBA's Risk Advisory Services Include:
- Internal audit outsourcing or co-sourcing
- Financial and IT risk assessment
- SAS 70 Reports
- SOX Section 404 sustained compliance and readiness
- Business continuity management
Sarbanes-Oxley Section 404 Services
Maintaining compliance with Section 404 is an ongoing process for Accelerated Filers and Non-Accelerated Filers. For companies that are still going through their internal control implementation process, an aggressive effort is essential to complete the entire evaluation process and provide sufficient time for their independent auditors to complete an audit of internal controls. For Accelerated Filers, the requirement is to address ongoing remediation of known deficiencies or weaknesses and/or maintenance of the internal control environment. Let KBA Group assist with this process. We are available to:
- Complete full Section 404 implementations
- Assess and improve internal control structures and processes
- Help reduce the chance of material weaknesses
- Positively impact the timeline and costs for management and external auditor testing and assertions
- Document your structure and processes
- Assist in management reporting and testing
- Assist your organization to gain self-sufficiency in meeting 404 requirements on an ongoing basis.
Click here to learn more about the implementation process for Section 404.
SAS 70 Reports for Service Organizations
If you provide services to a public or private company by performing activities that materially impact the company’s financial statements, your customer is required by auditing standards to obtain from you a Type II SAS 70 Report to provide to their auditors in order for the auditor to complete the company’s annual audit. It is vital to the retention of your customers that you have your SAS 70 Report completed and available for distribution to meet their deadline. KBA Group can help you get this covered. Our risk advisory team can assess your environment and give you an estimate of the time and cost necessary to complete your Type II SAS 70 Report.
To learn more about SAS 70 Reports, click here to view our SAS 70 Overview.
Internal Audit Services
KBA can provide your company with independent, objective assurance and consulting that adds value and improves your organization's operations. We can help you accomplish your objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.
Our trained professionals have the skills needed to work closely with the audit committee, management and corporate counsel to create an environment that results in financial reporting that is transparent, consistent, and of high quality.
We view internal auditing as a client-focused, consultative approach to managing risks and recommending solutions. Internal audit adds value to the organization by questioning what risks are involved in an operation and identifying and implementing the controls that should be in place. As a proactive function, KBA can help create or expand an internal audit function. Or, our role in the internal audit function can be tailored to simply complete projects as required under management’s direction/supervision.
Audit Committee Advisory Services
The demands and responsibilities that are being directed to audit committees are dictating that outside independent advisors be engaged to give direction, provide technical support and even perform investigations for the audit committee directly. KBA has the depth of public company experience to provide audit committees and their individual members with independent technical advice and direction. KBA also has the forensic capabilities to assist with whistle blower investigations and/or other alleged or perceived accounting irregularities.
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