SOX Supply Chain Audit

Terrorism in the Global Supply Chain

Assisting Domestic Logistic Companies develop International Expertise

What's a SOX- Supply Chain Audit? And how it can benefit U.S. importers and exporters

Sarbanes - Oxley Act, (SOX as it's known), was put in place to make US Corporations be more protective of their shareholders' investments. This new law in part states that the CEO and CFO must both sign off on and can be held accountable for the following:

• All Financial Statements, both internal and external such as those published and distributed to shareholders,
• Accounting practices and Standard Operating Procedures, (SOP's)
• Certification from both internal and external Auditors validating that SOP
documentation and practices are both legal and accurate.
• The company must make themselves available for scrutiny by outside Auditors, the SEC and the US Government.

The Bureau of Customs and Border Protection, (CBP), along with other governmental agencies, (Department of State, Department of Defense, Department of Commerce, etc.), have required companies to submit particular paperwork in order to Import or Export their products in/out of the United States. Here's how American River International can conduct a SOX - Supply Chain Audit for your company to insure that you're insulated from present and future liability ...Among the processes and documentation we review include, but are not limited to, the following:

• C-TPAT participation and Audit compliance
• Proper documentation such as: Entry Summary forms- 7501 and 3461
• Customs Valuation Analysis
• Automated Export System (AES)
• Commercial and Pro Forma Invoices
• Certificate of Origin
• Correct HTUS/Schedule B classifications
• Letters of Credit and money transfers
• Applicable Licenses or Permits
• Quota Documentation
• Transfer Pricing Evaluation
• Self-Assessment Review

This Import/Export documentation and related shipping/receiving SOP's are evidentiary of the information submitted to the aforementioned Governmental Agencies and Banks/Creditors alike and authenticates a company's trustworthiness to conduct international business.

As these processes occur daily in the shipping/received docks all over the Corporate America landscape, our SOX - Supply Chain Audit can proactively detect and correct any deficiencies and liabilities and infuse SOP's into your SOX Act required process.

When you consider that millions of dollars are expended daily in this area, and given that these multiple requirements are monitored to affirm the effective and lawful operation of this previously unnoticed department, you all but guarantee that this area will ultimately be an Audit point and every bit as prosecutorial as misleading Financial Statements.

For more information, please contact American River International
http://www.americanriverintl.com/
Neil Lenok 908-354-7746 x 120 mailto:Neil@worldest.com