Elizabeth assisted the business development company (BDC) entity of a boutique investment manager specializing in corporate credit and structured credit with becoming compliant with Sarbanes-Oxley (SOX) Section 404(a) and preparing for compliance with SOX Section 404(b) by standing up and performing management testing on internal controls over financial reporting (ICFR). Elizabeth led a team that performed a financial statement risk assessment and created risk and control matrices for all financial statement processes.
The team led multiple working sessions to understand and document the internal controls performed by the BDC’s employees. After documenting key controls, the team developed and implemented an annual testing strategy to fulfill management’s testing requirements under SOX Section 404(a). The team also drafted training materials and led trainings for process owners and for the board of directors regarding performance and governance of ICFR.
Note: This work was performed prior to joining Stout.