CONTROL CHALLENGES
Information drives today’s world. Companies need information to understand their customers, ensure compliance with government regulations, maximize efficiencies within business processes, and make informed business decisions. Without getting control of information, companies cannot turn information into knowledge.

The Sarbanes-Oxley Act (SOX) legislation established new standards in financial monitoring and reporting and has created a whole new awareness for internal process controls and the need to monitor information.

The challenge is nothing less than a complete analysis and overhaul of internal controls. Auditors will spend countless hours defining and documenting controls, staring at financials, and filtering through spreadsheets finding exceptions to every rule. Because of the need to perform additional audit work to gain the necessary knowledge about the company audit fees will rise. IT requests for financial and operational information have also risen causing an influx in IT related costs.

With such an increase in the focus on internal control management companies are looking for ways to more easily analyze and monitor their controls, minimizing the pain associated with maintaining compliance.

OUR SOLUTION
Armada has created Aegis, a software tool to help effectively analyze and monitor information controls and provide compliance with government regulations such as Sarbanes-Oxley. Aegis is specifically designed to assist auditors in more effectively testing financial and operational controls.

Aegis provides a direct connection to financial and operational data allowing auditors to consolidate walkthrough and financial testing into one central location. Testing is centralized so connections to multiple systems are transparent and automation allows for worry free management of controls. Aegis ultimately provides significant returns in the time savings realized by auditors and IT personel while greatly increasing the accuracy and scope of the auditing process. To gain further assurance in todays regulatory environment with Aegis, contact the Armada Consulting Team.

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