Compliance with the Sarbanes-Oxley Act of 2002 is a legally mandated must for all U.S. public companies.
In SOX reporting, the IT department provides the proof that the company is in compliance by demonstrating.
They are a key aspect of a public company’s internal control over financial reporting.
SOX compliance testing is the process by which management assesses internal controls over financial reporting.
A SOX control is a rule that prevents and detects errors within a process cycle of financial reporting.
Privately held companies considering or preparing for their initial public offering (IPO), need to comply with SOX.
With SOX compliance, a strong internal control environment can enhance confidence in internal financial reporting.
All public companies doing business in the United States must comply with the Sarbanes-Oxley Act (SOX).
SOX was designed to improve the accuracy and reliability of corporate disclosures in financial statements.
Ensure that your enterprise is audit-ready for SOX and use COSO to establish a strong internal control framework.