Combining End of Year Audit with Sox Work 424



  • We have External audit group A in performing end-of-year audit. We now have (same company) External Audit group B doing Sox testing. Can’t we combine some of their work. Isn’t the notion of Independence nonsense in this case. Once you dive down to the 5,000 foot level preparing for a landing, you see similarities in their scope and function. They are both headed for the same landing strip as far as I can see. Can’t they overlap and report on the effectiveness of controls whilst inspecting the books, can’t they share the same sample tests. We have large bills for both as I am sure you do, help.



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  • The testing isn’t the same. They may be in the same general areas and may ask for similar information, but the actual test steps will be different. They are trying to integrate SOX just as much as anyone, they may be trying to get away with as much fees as possible this year, but sooner or later it WILL be integrated as much as possible.


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