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In today’s globalised economy, regulatory compliance is no longer just a checkbox, it’s a strategic imperative for building investor trust and driving sustainable growth.
At Grant Thornton Bharat, we deliver tailored SOX compliance solutions that help organisations navigate the complexities of the SOX Act, ensuring strong financial oversight, effective risk management, and enhanced stakeholder confidence. Backed by a team of experienced professionals with deep regulatory knowledge and industry best practices, we deliver a robust SOX compliance framework that empowers your business to thrive in a global marketplace.
Let us help you turn compliance into a competitive advantage — so you can focus on what you do best: growing your business.
The Sarbanes-Oxley Act (SOX), enacted by the US Congress in 2002, is a landmark regulation aimed at protecting investors from corporate fraud and ensuring the integrity of financial reporting. It sets strict requirements for internal controls, financial disclosures, and accountability for companies listed on US stock exchanges, as well as their global subsidiaries.
SOX compliance is applicable for:
For Indian companies listed on US exchanges, SOX compliance is a legal requirement. But even beyond regulatory mandates, Indian subsidiaries of US-listed companies must often align with SOX standards for consolidated reporting. Additionally, Indian firms seeking to attract global investors are increasingly adopting SOX-like practices to strengthen transparency, governance, and trust.
Implementing SOX compliance helps businesses build a strong foundation for financial governance and long-term credibility.
Strengthens accountability and transparency in financial reporting.
Ensures accurate and complete financial disclosures.
Reassures investors of reliable financial statements, enhancing credibility.
Mandates assessment and improvement of financial controls to prevent fraud and errors.
Failure to comply with SOX can lead to legal, financial, and reputational consequences for companies and executives.
Significant fines for companies and individuals.
CEOs and CFOs can face criminal liability and imprisonment for submitting false financial reports.
Erosion of trust, share price declines, and potential loss of funding.
Sanctions, leadership bans, and audits by bodies such as the Securities and Exchange Commission (SEC) and the Public Company Accounting Oversight Board (PCAOB).
SOX audit failures can lead to costly financial control restructures and distract management from core business priorities.
We offer end-to-end SOX compliance solutions to help you strengthen financial governance systems, ensure robust risk control mechanisms, and support effective SOX 404 documentation and testing to reinforce compliance and operational efficiency.
Our services include:
Conducting walkthroughs, design-level and transaction-level testing for validation.
Designing/updating detailed risk control matrices (RCM), process narratives, and flowcharts for structured risk management.
Detecting gaps in financial and operational processes, recommending corrective actions for compliance and risk mitigation.
Ensuring robust oversight mechanisms and adherence to SOX-mandated financial disclosure requirements.
Assessing and enhancing financial controls to prevent fraud and misrepresentations in financial statements.
Recommending security measures to protect financial data integrity and prevent unauthorised access.
Our SOX compliance experts combine deep regulatory expertise, industry best practices, and a collaborative approach to deliver solutions that work. We partner with you every step of the way—designing, implementing, and optimising your SOX programme for long-term success.
Understand SOX applicability, risks, and controls. Download the flyer to see how Grant Thornton Bharat helps businesses stay compliant and build investor trust.
