Case Studies

This case studies provide real-time examples of IT project initiatives with the global enterprises. This represents years of expertise, experience gathered through best practices, experts inputs and lessons learned from deploying solutions internally.

Challenge

In 2002, the US Securities and Exchange Commission had announced the Sarbanes-Oxley Act. It made it mandatory for companies to comply with the provisions of the Act, making rules tighter to increase auditor independence. The plan restricts non-audit services that could impede audit independence and demands that a company’s audit committee first approve the services that are offered. Our client had invited Smart Tech team to review their existing auditing practices, verify if they complied with the provisions of the Act and to make necessary recommendations.

Solution

Smart Tech team comprised of highly qualified consultants that came with an excellent understanding of the Act. They came with a good financial industry background and were able to contribute immediately. The project addressed

  • SAP R/3 – SOX issues in FI, MM and HR modules
  • Documenting and testing key controls
  • Re-designing roles for FI and MM modules
  • Providing production support
Results

The Smart Tech team completed the project ahead of schedule. Our Client was happy with the caliber of our consultants and the quality of their deliverables. Convinced by the capabilities on this assignment, Smart Tech was invited by the Client for additional projects.