A Solution for Sarbanes-Oxley Act Compliance

The Sarbanes-Oxley Act of 2002 (SOX), sponsored by US Senator Paul Sarbanes and US Representative Michael Oxley, represented a major change to federal securities laws.

For the past few years, organizations have struggled to effectively and efficiently meet the financial reporting requirements introduced by the Sarbanes-Oxley Act of 2002 (SOX). While most companies have been successful in completing their SOX compliance work each year, the manual procedures they employ require a great deal of effort, increase the potential for errors, and fail to provide management with a holistic view of their company’s state of compliance.

 

Global Financial Reporting Regulations

With the advent of similar worldwide financial reporting regulations – including JSOX in Japan, the Loi de Sécurité Financière in France and Bill 198 / CSA 52-313 in Canada – multinational organizations will experience even greater complexity in compliance with financial controls management.

As the regulatory environment continues to become more complex, organizations have a greater need to make compliance sustainable and repeatable. Choosing the right SarbOx compliance technology is one of the key components for a sustainable process.