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Sarbanes-Oxley Compliance (SOX)

Leading experts in SOX compliance consulting. It’s what we do every day.

Sarbanes Oxley Compliance Services in the Netherlands

We have served hundreds of clients with their SOX compliance consulting needs that range from programme builds and turn-key execution, to rationalisation and transformation.

Protiviti has been a long standing and recognised global thought leader in Sarbanes-Oxley (SOX) and Committee of Sponsoring Organisations (COSO) compliance. Our publications, benchmarking studies and global seminars are widely recognised in the marketplace and continually provide the latest regulatory and industry trends. Our clients benefit by having access to leaders with deep industry and subject matter expertise for whom SOX compliance consulting is a principal focus.

Sarbanes Oxley Compliance Services in the Netherlands

Sarbanes – Oxley (SOX) consulting services

Public company readiness – Year one sox

Establish a roadmap to comply with SOX 404 by right sizing your SOX programme and infusing leading practices to build an effective, efficient, and sustainable control framework and programme.

 

SOX diagnostic

Assess your SOX compliance programme to rationalise your controls and validate your overall approach. Our diagnostic services build upon years of SOX compliance activities and the application of SEC and PCAOB guidance.

 

Ongoing sox compliance

Assess the effectiveness of your SOX programme to ensure it adjusts to the changing needs of your organisation. Conduct training and awareness for executives, process, and control owners. Establish a controls-mindset in the organisation.

 

IT sox

Understand how technology impacts your control environment and identify optimisation opportunities by evaluating control design and operating effectiveness of application and IT general controls, as well as the impact of major technology projects (e.g., ERP implementations).

 

SOX transformation & innovation

Test faster and more accurately by leveraging our testing accelerators, proprietary data-driven control testing tools, and Control Testing and Innovation Center services, as well as our network of global delivery centers.

 

J-SOX

Our J-SOX compliance teams help Japanese public companies improve the efficiency of their internal controls over financial reporting process.

 

UK Corporate Reform

Prepare for the forthcoming UK SOX requirement through establishing internal control programmes and complying with regulatory requirements.

 
Efficiency. Effectiveness. Sustainability.

Our approach

Protiviti assists companies in designing SOX programmes that deliver upon compliance objectives, without putting undue strain on the organisation. We are experts and have years of proven SOX experience, working with organisations ranging from newly public to the largest global organisations. Our global network of SOX specialists continually monitors developments and changes within the landscape. Protiviti's approach includes:

  • Risk assessment, scoping & project management
  • Walkthrough & control design assessment
  • Testing of operating effectiveness
  • Aggregation & evaluation of deficiencies
  • Monitoring and validation of remediation activities
  • Reporting of results to management
  • External auditor liaison
Efficiency. Effectiveness. Sustainability.

Key partners

We partner with leading software companies to provide direction and deliver an automated testing approach with speed and convenience.
Optro
Microsoft solution partner
Uipath
Celonis
FastPath Logo
Diligent

Case Studies

As internal audit organisations look for effective ways to perform their work in a more agile manner, including how to leverage methodologies, data and technology to add value and become strategic advisers to their business partners, many are finding that the use of robotic process automation (RPA) checks a lot of boxes.

RPA integration into internal audit functions is expanding and improving productivity across many different sectors. In a recent successful engagement, Protiviti was retained by the internal audit team of a Fortune 500 organisation to help automate functions within their department. The objective was to use RPA to reduce manual effort, improve testing coverage and increase the reliability of Sarbanes-Oxley (SOX)-related IT controls testing.

The engagement team reviewed the SOX IT controls library to identify controls that would be best suited for automation. The goal of the exercise was to find automation candidates that would yield higher value with relatively low effort. The controls were evaluated and categorised according to value or potential benefits (e.g., time savings, enhanced risk monitoring) and automation complexity (e.g., system dependencies that could make the automation process difficult).

FAQs – SOX Compliance in the Netherlands

What is the Sarbanes-Oxley Act (SOX) and how is it relevant in the Netherlands?

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The Sarbanes-Oxley Act of 2002 (SOX) is a U.S. federal law enacted to protect investors from fraudulent financial reporting by corporations. It introduced strict reforms to improve the accuracy, transparency, and accountability of corporate financial disclosures.

While it is not a Dutch regulation, SOX compliance is highly relevant for companies in the Netherlands listed on U.S. stock exchanges or operating as subsidiaries of U.S.-listed entities. These organisations must comply with SOX requirements to meet U.S. regulatory standards. Many organisations also engage SOX consulting services in the Netherlands to strengthen governance and ensure ongoing compliance.

Who needs to comply with SOX in the Netherlands?

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In the Netherlands, SOX compliance applies to companies that are listed on U.S. stock exchange, as well as their Dutch subsidiaries. This includes Netherlands-headquartered organisations with U.S. listings or those operating under U.S.-listed parent companies.

Businesses preparing for a U.S. IPO must also align with SOX requirements. While the Sarbanes-Oxley Act is not a local Dutch law, it remains highly relevant for organisations with U.S. regulatory exposure and cross-border operations.

What are the penalties for non-compliance with SOX?

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For companies in the Netherlands subject to SOX compliance, penalties are enforced under U.S. law. Executives who knowingly certify inaccurate financial reports can face fines of up to $1 million and up to 10 years in prison.

Willful violations can result in fines of up to $5 million and imprisonment of up to 20 years. These strict penalties highlight the importance of maintaining effective SOX controls, governance frameworks, and compliance programmes.

What is J-SOX?

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J-SOX stands for Japanese Sarbanes-Oxley and refers to the internal control requirements introduced under Japan’s Financial Instruments and Exchange Act (FIEA) in 2006.

It is modelled after the U.S. SOX framework and aims to strengthen corporate governance and ensure the accuracy and reliability of financial reporting in Japan. For multinational organisations operating across the Netherlands, the U.S., and Japan, aligning SOX and J-SOX compliance frameworks can help streamline global internal control and audit processes.

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