Our client company is a worldwide leading manufacturer of specialty lockers for 80 years and a leading manufacturer of multi-tenant mailboxes and custom electrical enclosures. The company provides customized solutions to amusement parks, water parks, ski resorts, health clubs, law enforcement, military, colleges and universities, parks and recreation, and corporations. They provide expert consultation via experienced staff and is the only locker company that manufactures and controls its own distribution of non-duplicative 16 million keys/locks/cylinders as well as keyless systems.
The Challenge / Business situation:
The purpose of our engagement was to assist our client company with its Management Assessment of Internal Controls over Financial Reporting (ICFR).
ValuLink Approach and Solution:
Our client company had to complete their Management Assessment of Internal Controls over Financial Reporting (ICFR) under the Sarbanes Oxley Act of 2002 (Sox) and SEC Rules for non-accelerated public companies. We performed segregation of duties analysis, GAP analysis, testing project plan, test plan development, remediation identification, in addition to assisting other ICFR cycles and control deficiencies analysis. We organized Sox Workshop/Training Sessions for our client company. The Sox Workshop covered topics to assist our client company in accelerating through the Sox learning cover prior to executing on its Management Assessment of ICFR. We significantly contributed and guided our client company through its Risk Assessment process and Evaluation of Control Deficiencies. This was our client company’s first compliance implementation as required by the Sarbanes Oxley Act of 2002.
We ensured an efficient and effective assessment and implementation of its internal control environment over financial reporting. With the help of ValuLink’s expert guidance throughout the engagement, our client company could successfully complete their Management Assessment of ICFR.
Client Company Feedback:
“It has been a pleasure working with the members of your firm. You have done a great job managing the American Locker Group project. I consider you to be a valuable resource and I look forward to referring additional business to you in the future.”
– Interim CFO (former)
American Locker Group, Inc.
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