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.

Arbour Group’s Sarbanes-Oxley Compliance Services are based on a comprehensive understanding and evaluation of regulatory requirements, including:

• Corporate Responsibility
• Internal Controls
• Disclosure Requirements and Procedures
• Financial Reporting and Management Certifications
• Audit Committee Responsibilities

We have developed effective methodologies and procedures to thoroughly examine clients’ existing infrastructures, policies and IT systems as they relate to the requirements of the Sarbanes-Oxley Act and formulate and help implement solutions that establish and sustain compliance. This process includes:

• Evaluating and reporting on internal controls (Section 404)
• Assisting in obtaining management certifications (Sections 302 and 906)
• Addressing reporting requirements (e.g., real time issue disclosures, insider trading, etc.)
• Providing for the establishment and maintenance of audit committees, code of ethics and other management oversight functions
• Building sustainability and support
• Offering education and training

The Sarbanes-Oxley Compliance Services offered by Arbour Group enhance the quality of corporate governance and help clients meet the stringent standards imposed by the Act. The integration of these services with other regulatory validation services is key to optimizing the internal resources of successful organizations.