New SOX model (Working part time and from home) 2321
corn last edited by
Hi all I am based in Canada and have been on the SOX journey since 2003, covered all the aspects of the project cycle and have a couple of sign offs from the fortune 500 companies under my belt.
Now that the demand for SOX work is ebbing, companies have developed their internal audit capacities; business owners now own their process documents’’’.
The question is what do we do with all the SOX experience we have acquired over the years?
I am developing a business model targeting the small business that need to comply for SOX in 2009 and beyond, so far I have 2 clients I am working on, the niche is the rate I charge which is a competitive rate compared to what is charged by the Big 4 and other Recruitment / Internal audit firms, In additional I bill them approx 25 hours/ week for each client and the best news is that I get to work from home, occasionally visiting the client site.
What do you guys think? Is this a sustainable business model across North America? Can I invest money in the marketing campaign?
EricaRowlet last edited by
I think, it will definitely be a good thing to do. It is definitely a sustainable business model considering that many companies are now in the look out for such services. Since you are ready to offer these services at a competitive rate, I’m sure it will be a worth-while investment.
Denis last edited by
Although ‘Sox work’ may be on the decline I think there are still a multitude of opportunities out there in the world of Governance, Risk and Compliance e.g.
- small company SOX as you have mentioned
- op risk/internal control convergance (for larger companies)
- internal control efficiency/value add i.e. we got compliant but how do we make it better