 ESS demos the first version
of
its HeatMap product to its
clients
ESS makes it entry into Hedge
Fund clients
ESS makes inroads into the
federal and state government
contracts
ESS participates in the IBM
Tivoli conference in Orlando, FL
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Home  IT Consulting Compliance
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| Compliance |
To comply with the Sarbanes-Oxley (SOX) Act, most organizations have completed the
documentation of internal controls environment, financial reporting process documentation,
controls design and testing during the last two years. However, maintaining compliance
maturity while improving compliance processes makes it imperative for organizations
to have an institutionalized and robust compliance sustenance framework.
ESS has extensive experience in making global corporations SOX compliant. Based
on the COSO and COBIT risk management frameworks, ESS's SOX sustenance methodology
enables organizations to sustain and improve their year on year SOX compliance.
ESS's Six-Sigma based SOX sustenance methodology has a well-defined process that
ensures continuous improvement of compliance processes. ESS leverages its global
delivery model and its compliance process manager tool (AquilaVisioTM) for SOX sustenance
to give significant cost effectiveness.
AquilaVisioT is a compliance process repository and manager, developed by ESS
to automate and streamline management of SOX compliance. AquilaVisioT gives an "online,
multisite" compliance automation framework to create an assessment methodology,
plan the execution, execute the assessment, collate and analyze the collected data,
and create analytical reports to ensure a professional, hassle free and clean assessment
experience for the customer. AquilaVisioT stores the assessment methodologies, which
can be modified, reused, recreated to be used for another business situation. AquilaVisioT
has built-in process templates as a knowledge base.
Our Offerings
Sustenance Framework Definition
Identification of control areas and activities to be tested periodically, and KPI
definition
Exceptions and Alerts - e.g. violation of access controls
Reporting.
Test & Measure
KPIs defined in the earlier phase are measured through testing and the compliance
process is improved through an analysis of the test results. This is done by:
Periodic Control Testing
Event Based Control
Annual Control Testing.
PContinuous Process Improvement
Inclusion of controls due to changes in COSO/COBIT
Exclusion of controls from testing based on pre-determined assurance levels
Our Value Proposition
ESS is uniquely positioned to deliver SOX sustenance solutions. Our key differentiators
include:
Extensive SOX compliance experience with Fortune 500 corporations
End-to-End sustenance services from process controls sustenance to system control
sustenance
Proactive management of changes to COSO/COBIT frameworks
Compliance process improvement methodology Pre-built ACL based test automation framework
Well-defined onsite-offshore engagement model with measurable milestones.
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