John is CEO of NelsonHall, the leading business process services (BPS) and IT services (ITS) research and analysis firm, and is widely regarded as one of the world's leading authorities on achieving business transformation through the application of BPS.
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Rachael Stormonth, Senior Vice President at BPS analyst house NelsonHall, discusses the latest business trends in F&A BPS with Professional Outsourcing magazine, and describes how some companies are using it as a platform for business transformation.
published on May 20, 2016
NelsonHall’s “SOX Outsourcing” 20 page report is based on interviews with executives within both BPS vendors and audit firms offering SOX outsourcing services.
The report analyzes the “art-of-the-possible” and opportunities for outsourcing the testing of financial transactions to support operational effectiveness in line with Sarbanes Oxley.
In particular, the report covers vendor approaches to SOX outsourcing, the delivery structures used by audit firms and BPS vendors, types of SOX services offered by audit firms and BPS vendors, examples of SOX outsourcing, and the tools used in support of SOX outsourcing, identifying the nature of the opportunity for SOX outsourcing via both audit firms and BPS vendors.
NelsonHall’s “SOX Outsourcing” report is an analysis of the “art-of-the-possible” and opportunities for outsourcing the testing of financial transactions to support operational effectiveness in line with Sarbanes Oxley, and is designed for:
The report is based on interviews with executives within both BPS vendors and audit firms offering SOX outsourcing services.
The report analyzes the “art-of-the-possible” for outsourcing the SOX testing process, identifying the applicability of both audit firms and BPS vendors. In particular, the report covers:
SOX outsourcing has traditionally been regarded as the preserve of the audit firms and typically only involves modest numbers of personnel, sometimes for limited periods within the year. Accordingly, much of SOX testing is still project based.
Nonetheless a number of the leading BPS vendors have developed mature SOX capability and significant headcount in this area.
