Sarbanes-Oxley/NI 52-109

A significant challenge for public companies has been addressing the internal control requirements implemented by the securities administrators in the US and Canada. Compliance with the Sarbanes-Oxley Act of 2002 and NI 52-109 is complex and time consuming. It requires knowledge of the legislation, technical experts (internal controls, accounting and information technology) and effective project management. Most organizations do not have the extra capacity or bench strength to meet these requirements.

Breakwater provides a concise picture of your requirements, develops a plan to achieve the requirements, and helps manage and execute the project to successful completion.

We help you minimize the investment and resources needed to meet your regulatory requirements through the following services:

Project Planning - Breakwater can help management develop a risk-based, top down approach that addresses only those areas that are at risk of a financial misstatement. We provide insight into the regulatory landscape and quickly provide a clear picture of the project.

Documentation of Internal Controls – With our experience, Breakwater can assist management in preparing their internal control documentation efficiently while addressing the requirements.

Testing of Internal Controls – Breakwater has a proven approach that is consistent with Big 4 firms and has been validated by several successful audits. Given our independence and qualifications in business process controls, entity level controls, and information technology general controls, auditors rely more on our work and spend less time on the audit.