Sarbanes-Oxley redefines corporate governance, disclosure and financial reporting for the medical industry.

Arbour Group’s financial compliance products and services help meet the demanding requirements imposed on publicly traded medical companies.

Our regulatory experts and chartered accountants provide effective solutions to improve corporate governance and financial reporting.

The integration of financial compliance with other regulatory validation services is key to optimizing the internal resources of successful organizations.

Sarbanes-Oxley Compliance

Enacted in January 2002, the Sarbanes-Oxley Act redesigns the federal regulation of public company corporate governance, disclosure and financial reporting obligations. This legislation serves to tighten accountability standards for directors, officers, auditors, security analysts and legal counsel. As it relates to the medical industry, financial reporting systems must meet the level of accountability currently imposed on GxP systems. The resulting imperative is that the operational risk management of regulatory compliance practices must become an essential element of financial controls and reporting for pharmaceutical, medical device and biotechnology companies.

Arbour Group has expanded its time-proven computer system compliance service capabilities, methodologies and product offerings to include financial compliance requirements. These financial compliance products and services are designed to meet the demanding requisites imposed on publicly traded medical companies by the Sarbanes-Oxley Act. Arbour Group provides effective solutions to improve corporate governance and financial reporting. Our regulatory experts and chartered accountants offer unique insights, methods and solutions to the medical industry. They have the computer technology skills, the quality systems methods and the financial controls experience to deliver the right solutions to our clients.

Compliance Product Package

Arbour Group’s compliance product package includes:

COMPLIANCE PLAN — This template is used to create a comprehensive corporate governance plan to guide your compliance efforts. The template can be easily customized to accommodate your unique business situation.

USER REQUIREMENTS MODEL — This includes standard business requirements that are tailored to create a baseline user requirements document. The model identifies the needs that must be met by the client’s software solution and the underlying business functions that need to be tested.

TRACEABILITY MATRIX — This visually links the business requirements to be tested with the corresponding test scripts that will be used to test those requirements.

TEST CASES — These include scripts that test software functions related to financial control and reporting. Additional scripts test the integrity of the software and hardware installation and security.

CORPORATE GOVERNANCE MODEL — These templates are specific to disclosure requirements and procedures, internal controls and audit committee responsibilities.

Product Benefits

The benefits of Arbour Group’s compliance product package include:

• Shorter timeframes for complying with the stringent requirements imposed by the Sarbanes-Oxley Act
• Enhanced quality of corporate governance and financial reporting
• Ensured compliance sustainability and support

Product Availability

Arbour Group has products to test the following leading commercial software solutions:

• Oracle
• SAP
• BPCS
• QAD MFG/PRO
• PeopleSoft
• J.D. Edwards
• PRMS
• AMAPS
• Baan
• Prism

For additional compliance product information or to arrange for a demonstration, click on the “Contact Us” tab at the top of this page or call 312.207.5800.