Our services offer clients in depth knowledge and state-of-the-art tools to comply with all of the new SEC requirements, namely Sarbanes-Oxley. Our specialists can develop, establish, and document effective internal control structures and procedures. We assist management in performing risk assessments for financial reporting and disclosure requirements to determine the critical control issues. Through the analysis of existing procedures we identify and prioritize gaps to form recommendations and action plans that integrate with current practices. Furthermore, Sagent Management will assist businesses in addressing the need for continuous improvement, by reviewing the design and operating effectiveness of the new internal controls and procedures, as well as reporting the results to management.

The investor community is demanding higher standards of accountability. Sagent assists businesses with increasing organizational transparency. We help our clients focus on comprehensive performance reporting and corporate governance processes. To develop and implement effective corporate governance processes, we assist in defining clear relationships between the board, management, and shareholders. This involves allocating roles and responsibilities, as well as defining systems and controls to ensure compliance with the latest regulatory frameworks, including Sarbanes-Oxley. It also includes determining the structures through which the company’s objectives are set and performance is monitored.

On January 22, 2003, the SEC adopted new rules on auditor independence, in accordance with the mandate of the Sarbanes-Oxley Act of 2002. U.S. legislation now requires all public companies to provide a report from management on their internal control system, which is subject to audit by an external auditor. Compliance with sections 302 and 404 of the Sarbanes-Oxley Act of 2002 presents companies with significant challenges. Sagent helps financial organizations prepare for the audit under section 404 by reviewing, evaluating, documenting, and monitoring risks and internal controls. We believe that by assisting clients with identifying areas of high risk and significant control weakness, management is given pertinent information in a timely manner. This provides the opportunity to correct significant control weaknesses prior to certifying any filings.