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Ensuring SOX Compliance Continuity During Staffing Shortfall

Ensuring SOX Compliance Continuity During Staffing Shortfall

A specialty pharmaceutical company turned to SolomonEdwards for expert SOX support during a time of financial restructuring, ensuring audit deadlines and external auditor expectations were met without disruption.

Challenge

A specialty pharmaceutical company with an established Internal Audit and SOX Compliance program faced a critical staffing shortage following a recent bankruptcy filing. Although the structure of their compliance framework remained intact, the Internal Audit team lacked the resources to complete the necessary control testing for the current-year SOX audit. The Vice President and Senior Manager of Internal Audit needed a reliable partner to ensure continuity and timeliness in meeting internal and external audit requirements, particularly in testing financial and IT controls.

Solution

We were engaged to perform control testing across financial and IT domains throughout four key audit phases during the year. Our team worked within the client’s audit framework, utilizing lead sheets and audit software (Align) to streamline communication and documentation. By providing daily and weekly updates, we maintained transparency and alignment with client expectations. Our role included obtaining support documentation, completing testing procedures and uploading final workpapers—all with a strong focus on consistency and audit readiness.

Outcome

We delivered reliable and timely testing support that significantly reduced the volume of rework and rejected controls, reinforcing the integrity of the SOX compliance process. Each audit phase was completed on time, supporting the company’s broader goal of maintaining external auditor reliance, particularly for critical IT General Controls (ITGCs). The engagement ensured that despite internal resource constraints, the client’s SOX program remained on track and fully compliant.

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