SOX

What is SOX ?

The Sarbanes–Oxley Act of 2002 (SOX) is a United States federal law that mandates certain practices in financial record keeping and reporting for corporations. 

SOX is also known as the Public Company Accounting Reform and Investor Protection Act and the Corporate and Auditing Accountability, Responsibility, and Transparency Act. It contains eleven sections of requirements imposed on all U.S. public company boards of directors, management and accounting firms. Some provisions also apply to privately held companies, such as the willful destruction of evidence to impede a federal investigation. 

SOX also includes criminal penalties for certain misconduct and instructions for the Securities and Exchange Commission to create regulations, which define how public corporations have to comply with the law. 

This solution will provide your organisation guidance on how to gain and maintain compliance with this law.