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| The Sarbanes-Oxley Act (SOX) |
The Sarbanes-Oxley Act (SOX) was put in place in 2002, as a reaction to the Enron corporate and accounting scandal, among others. Today, under the SEC’s jurisdiction, compliance with the Sarbanes-Oxley Act (SOX) and the management of electronic data is essential to operations for all publicly-traded companies, fostering corporate accountability while preventing document tampering and destruction. The legislation requires companies to protect and safeguard business records, to have reliable records management practices, and to retain and retrieve data efficiently.
Important elements of SOX relating to archiving electronic data include:
Management is responsible for implementing and maintaining internal controls for financial reporting.
Senior management must also personally attest to the accuracy of financial reports (section 404/302).
All audit-related information needs to be able to be produced to verify accuracy of financial results (105b).
Significant penalties established (fines and/or jail time) for the intentional alteration or destruction of records (802a).
Compliance with SOX is serious business. If you want to ensure that your business is compliant, TextGuard is the comprehensive Mobile Device Compliance Solution. Please contact us for more information and a demonstration of our Mobile Device Compliance Solution for your Enterprise!
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| Privacy Policy - Terms of Use - Copyright |
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