The Sarbanes-Oxley (SOX) Act of 2002 is a United States federal law passed in response to a number of major corporate and accounting scandals. Under Sarbanes-Oxley, two separate certification sections came into effect – one civil and the other criminal. The signing officers must certify that they are “responsible for establishing and maintaining internal controls.” Arguably the most important and time consuming component of SOX compliance is Section 404. Under Section 404, management is required to produce an “internal control report” affirming “the responsibility of management for establishing and maintaining an adequate internal control structure and procedures for financial reporting.” The report must also “contain an assessment, as of the end of the most recent fiscal year of the Company, of the effectiveness of the internal control structure and procedures of the issuer for financial reporting.”
For a telecom company, the most effective way to establish and maintain internal controls for SOX compliance is by validating the integrity of your network. Network performance is the lifeline for a phone company and optimal performance is a must. The most effective way to ensure optimal network performance is by rigorously testing its accuracy and efficiency with our SimCall tool. SimCall will ensure that your company’s network is performing properly and that you collect all revenue that is due to you. Over the past 10 years, SimCall has been implemented at several ILECs and has recovered more than $1 billion dollars in revenues that would never have been billed without it. Some of the largest ILECs in the US currently use our SimCall technology to validate the revenue stream in their network to their SOX audit committee. The SOX committee signs off on the network audit based on the strength of the SimCall findings. Call or email to find out more about how ATS can assist you with SOX compliance.