INTERNAL CONTROLS COMPLIANCE TOOL

Looking for a solution to help you better manage Internal Financial Controls or prepare for SOX 404?

Our Internal Controls Compliance Tool will help you to manange and evaluate your financial controls.

The internal control validation process follows the compliance pyramid: Planning > Documentation > Quantifying Risks > Testing > Evaluation > Results. The process should be repeated each year and you should consider the ongoing costs when selecting a product. In particular, testing and remediation will be especially important in future year's efforts.

Developed by accountants for accountants, our Tool was originally designed for use with our own consulting clients. Using our SOX 404 and FDICIA compliance knowledge, we created a straightforward product that helps you work through the entire task. Our approach emphasizes long-term implementation by providing tools for each step of the process.

The Internal Controls Tool will help you plan and document your systems in the first year. It walks you through evaluating your risks and identifying the mitigating controls. You will re-use this documentation in future years.

Most importantly, it provides a framework and tools to test your controls and helps you track and correct deficiencies. It will help you manage the process, keep track of your compliance efforts, and evaluate the results. This effort can be used to implement SOX 404 in the future should you become subject to the regulation.

How the Internal Controls Tool Will Help You Achieve Compliance

The Internal Controls Tool will help you plan for compliance and document your systems in the first year. It walks you through evaluating your risks and identifying mitigating controls.

Most importantly, it provides a framework and a set of powerful tools to test your controls and allows you to track and correct deficiencies. It will help you manage the process, keep track of your compliance efforts and evaluate the results.

The Tool includes linked Word & Excel components that you will use to enter a small set of company information that describes your organization. You then specify the systems and processes that will be documented and monitored. Once customized, these components are reused year after year to meet your compliance needs.

The software creates a customized spreadsheet for each system described during the documentation phase. The spreadsheets are used to assess risk scoring and testing details for each system.

Each spreadsheet utilizes software tools which are used to automate the complex and repetitive testing and remediation tasks. Effective control testing requires a consistent and rigorous sampling methodology. The Internal Controls Tool provides a powerful system to define a statistically valid sample size, make individual selections and document the results.

The spreadsheets are used to store the volumes of data created during testing and the software components manage data processing so that there are no complicated formulas to worry about. See the 404 Demo for more information.

Our Non-Profit SOX 404 Jump Start Edition is like the Jump Start Edition for SOX 404, but customized for Not-for-Profit entities that may be asked or choose to comply with SOX 404. It includes systems and narratives (such as Debt, Disbursements, Treasury, etc.) tailored for non-profit institutions. It is ideal for churches, charities and other non-profits.

Also, please see the Tool Comparison sheet for a side-by-side comparison between the Tools and their respective applications.

Ordering Information - Non-Profit SOX 404 Jump Start Edition

CD Delivery: Add $39.95 S&H (and Sales Tax for California Orders) to the purchase price. The Jump Start edition annual service is $599 and includes up to three hours of remote email assistence and software updates.

There are three ways to complete the order for CD shipment:

1. Online payment: use the PayPal Buy Now button to purchase the Tool and pay via PayPal/credit card.

2. FAX Form: Download the form using the below link and FAX to +1 (800) 706-2905. We will then enclose an invoice with your Tool.

3. Mail-in Form: Download the form using the below link and return by mail with a check payable to ProCognis, Inc. per the form.

Download Jump Start Order form Excel spreadsheet (31KB)

The Internal Controls Tool Download is available for $1,799 (US Dollars). The annual service fee is $299 and includes software updates.

Download: Use PayPal to purchase and immediately Download our Internal Controls Tool! (Download size: 5.4MB) Simply use the 'Buy Now' button:

IMPORTANT: After completing the PayPal payment, click the 'Return to Merchant' button to start the download.

There are two ways to complete the order for standard edition CD shipment:

1. FAX Form: Download the form using the below link and FAX to +1 (800) 706-2905. We will then enclose an invoice with your Tool.

2. Mail-in Form: Download the form using the below link and return by mail with a check payable to ProCognis, Inc. per the form.

Download Order form Excel spreadsheet (31KB)