Case Study: Veracyte achieves audit-ready SOX compliance and streamlined controls with FloQast

How Veracyte Achieves Audit-Ready Compliance with FloQast

Veracyte, a San Francisco–based genomic diagnostics company with 850+ employees and a public listing (NASDAQ: VCYT), struggled to maintain SEC and SOX audit-readiness using disconnected Excel schedules and Word control narratives. The accounting team faced consistency, version-control, and training challenges—made more urgent by recent acquisitions that added staff with limited public-audit experience.

Veracyte implemented FloQast’s Compliance Management add-on to automatically link reconciliations, risk-control matrices, process narratives, and flowcharts to the Close, provide PBC automation, and deliver real-time task visibility. The result was a single source of truth, fewer meetings and less back-and-forth, faster audit preparation and management, and clearer, more confident reporting to senior leadership—transforming their compliance program.

Veracyte

Christina Kang

Senior Director, Internal Audit