UK SOX Compliance | Protiviti Australia

Although the timeline for the UK Corporate Reform to come into force and the requirements for UK ICFR are not established, the premium listed companies and Public Interest Entities (PIE) mentioned in the ‘Restoring trust in audit and corporate governance’ consultation are the most likely to be impacted by the reforms.

We can help you prepare for the upcoming UK Corporate Reform and stay ahead of the change, bringing the benefit of latest methods and technologies and all lessons learned from over two decades of controls compliance experience.

Protiviti has delivered thousands of projects to establish and/or sustain their Internal Controls over Financial Reporting (ICFR) programmes. Our experience ranges from year one builds to transforming existing ICFR programmes, ongoing assistance, and lifting and shifting the entire programme to minimise the cost.

Helping you plan, prepare for, and deliver efficient, effective and sustainable compliance

Key Questions to Consider Now:

Are You Listed or Plan to Be?

Is your company currently listed or plan to do so?

Are Your Prepared?

Are you prepared for the potential requirements of the upcoming UK Corporate Reform (e.g., Do you have an internal controls framework in place)? If yes, does it cover key business, technology, compliance, and financial reporting risks?

Any Past Issues Identified?

Were there any past instances of fraud, financial statement errors or restatements or other significant audit issues identified?

Are You Automated?

Are your internal controls automated to the right level to provide a platform for efficient assurance?

Are You Utilising Technology?

Are you leveraging data, technology, and automation to manage your internal controls programme?

Are There Any Major Change Programmes?

Are there any planned or ongoing changes that have a long-term impact on the business? Do these programmes consider internal controls in the target future state?

Do You Have an Evaluation Process?

Do you have a process in place to routinely evaluate operational effectiveness of your internal controls?

Can You Meet the Demands?

Do you have the skills and resources to address the requirements of the upcoming internal control reforms?

We are global leaders in internal controls and financial reporting compliance

Our approach

Our global network of SOX specialists continually monitors developments and changes within the regulatory landscape. While UK corporate reform improves corporate governance and increases investor and public confidence, the advantages of establishing internal controls range far beyond credible financial reporting and compliance.

Internal controls improve process performance and steer businesses successfully in times of change and disruption. If companies view this as an opportunity to drive process improvements and gain efficiencies this will help them in realising value from their investments.

Protiviti has assisted thousands of global clients to establish and/or enhance their Internal Control programme and our approach to Internal controls is underpinned by our next-gen internal audit methodology which allows us to leverage a host of technology options to digitilise and automate internal control programme activities.

We are global leaders in internal controls and financial reporting compliance

Key partners

Our technology partnerships play a vital role in helping organisations respond to regulatory change with agility and confidence. By combining Protiviti’s deep consulting expertise with the specialised capabilities of our alliance partners, we deliver integrated solutions that support compliance, strengthen controls and unlock long-term value.

These partnerships enhance our ability to help clients prepare for UK corporate reform and navigate today’s complex governance landscape with greater efficiency and precision. Our key partners include: