article banner
Hub

UK SOX: a hub for preparing compliance requirements

The Department of Business, Energy and Industrial Strategy (BEIS) has released its response to the consultation on audit reform, bringing the introduction of key proposals closer. While the government’s proposals related to the anticipated internal controls over financial reporting (ICFR) UK-Sarbanes Oxley inspired regime have been scaled back, boards are still being focussed on internal control matters through inclusion of a requirement in the UK Corporate Governance Code.

All organisations should already have a framework of internal controls in place, but we know from experience, however, that these can vary widely. The quality of disclosures on the effectiveness of internal controls in the FTSE 350 also remains low.

Depending on your current situation, it's understandable that complying with emerging requirements may feel like a daunting prospect. Our hub explains what you need to know about UK SOX compliance.

Business risk services are already helping clients and contacts to prepare for these reforms. Explore our proposals and recommendations on how to approach these different requirements and make the most of the opportunities to enhance confidence, performance, and efficiency that UK SOX could bring.

Where should I start?

BEIS response is out - what you can do now

The BEIS response to audit and governance reform has been released.

What can you do next to stay ahead of the curve?

Five ways culture will be the key to compliance

With a UK version of the Sarbanes-Oxley (SOX) act looming, what do business leaders need to consider when it comes to the culture of their organisation?

Find out why it matters and how to go about looking at it

How can you get ahead of the curve?

You need to prepare for UK SOX: our guide explains what you need to know about the BEIS consultation.

Find out what you need to know

Robust control and assurance

Third party risk assurance and SOC reports

UK SOX is likely to increase demand for third party risk assurance.

Uncover the options and key considerations

Embedding robust internal controls

UK SOX requires reporting on your internal control framework.

How can you assure that it's well designed and operated?

Technology controls

Information technology controls are vital for efficient UK SOX compliance.

We look at the challenges and opportunities

Leveraging technology and innovation

SOX internal control testing: automating for efficiency

Automation is key to driving efficiency in SOX internal control testing.

Which solution is right for your organisation?

SOX internal control testing: approach to automation

SOX compliance can be time and resource intensive.

Start, scale, and mature your SOX automation capabilities

Related content

BEIS consultation: changing the public interest entity

Public interest entities will be redefined under new government plans.

What does this mean for your organisation?

BEIS consultation: corporate resilience

The BEIS consultation will see an increase in the accountability of directors across several areas, as part of a move by the government to increase public trust in audit and corporate governance.

Find out what this means for you