Data and Database Management Software
Software Service orchestrates Sarbanes-Oxley projects.
Press Release Summary:
SOX Symphony hosted software service facilitates compliance with Sarbanes-Oxley Act of 2002, allowing seamless integration of Sarbanes-Oxley related data throughout organization. Offered as subscription-based software service over Web, it allows assignment of documentation and certification responsibilities to process owners across an organization. Service is continually updated and maintained to incorporate recent regulatory changes and guidance.
Original Press Release:
CF&W Announces SOX Symphony Software Service to Orchestrate Sarbanes-Oxley Projects
HOUSTON, March 22 / -- Calvetti, Ferguson & Wagner (CF&W), a Texas accounting firm and leader in Sarbanes-Oxley consulting and internal audit outsourcing, today announced the release of SOX Symphony -- a hosted software service that simplifies compliance with the Sarbanes-Oxley Act of 2002. This intuitive solution allows seamless integration of Sarbanes-Oxley related data throughout an organization and can replace the rudimentary spreadsheet-based process currently used by many companies with a proven workflow and methodology.
"Projects of this size and complexity demand the use of a software tool to help house the information and facilitate the complex reporting required. However, the SOX software market has been pretty fragmented and immature, and it's been driven primarily by the software vendors who don't necessarily have an understanding of what's required in a SOX project," says CF&W partner Marcus Wagner. "SOX Symphony is based on COSO, PCAOB Audit Standard No. 2 and our own significant experience in managing SOX projects for our clients."
SOX Symphony is offered as a subscription-based software service over the web, which is particularly useful for companies with multiple locations, remote operations, and internal audit departments with significant travel requirements. "Implementing and supporting specialized SOX software generally doesn't fit into the core model of most IT departments. Having to implement a new server as well as rolling out client software to users across the globe takes significant time and cost, which becomes a distraction from the work at hand. Our subscription-based service doesn't require any internal IT support at all and can be made available to users immediately, wherever they are. SOX Symphony offers significant savings over the total cost of ownership associated with implementing and maintaining your own software," says Wagner.
The software service is continually updated and maintained by CF&W to incorporate recent regulatory changes and guidance as well as continued lessons learned and best practices from CF&W client engagements. SOX Symphony is a harmony between hosted software and CF&W's SOX know-how and expertise.
SOX Symphony allows the assignment of documentation and certification responsibilities to process owners across an organization, which alleviates the potential bottleneck of work in a central accounting, internal audit or compliance department. SOX Symphony literally orchestrates information across company platforms and personnel, simplifying the often-difficult compliance processes.
Calvetti, Ferguson & Wagner, P.C. is a full-service CPA firm based in Houston, TX, providing Sarbanes-Oxley consulting, internal audit outsourcing and co-sourcing, and other consulting services to public companies. The firm serves clients throughout the southwestern U.S. in the oil & gas, oilfield service, high-tech, and manufacturing industries. For more information, contact Marcus Wagner at 713-957-2300, mwagner@cfw-cpa.com , or visit them at www.cfw-cpa.com/ .
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