Summit Hotel Properties is a self-managed hotel investment company with a focus on premium-branded, select-service hotels in the upscale and upper midscale segments of the U.S. lodging industry.
- Internal audit function implementation
- SOX risk assessment
- Internal controls assessment
- Process documentation
- COSO 2013 mapping
Bridgepoint Helps Summit Hotels Strengthen SOX Compliance and Internal Audit Function
Bridgepoint was engaged to assist Summit with SOX compliance and internal audit function implementation. SOX risk assessment and scoping was refreshed and formally documented. Significant processes and related business and IT general controls were documented, including entity-level controls and COSO 2013 framework mapping. Identified key internal controls were assessed for design and operating effectiveness. Consultation was timely provided to management, including for the design of IT general controls for new system. Close collaboration with external auditors took place throughout the engagement.
- Renewed SOX program
- Implemented internal audit function
- Improved controls and operational effectiveness
What the Client Says
Our Finance Department was mostly new at Summit after relocating corporate headquarters to Austin and we implemented new IT systems. We partnered with Bridgepoint Consulting’s highly experienced team and were able to improve our SOX program maturity and report effective internal controls over financial reporting.