The Sarbanes–Oxley Act of 2002, also referred to as SOX was enacted as Federal law on July 30, 2002 and is also known as the Public Company Accounting Reform and Investor Protection Act. It is named after sponsors U.S. Senator Paul Sarbanes and U.S. Representative Michael G. Oxley.
A primary focus of the legislation is to strengthen corporate accounting controls in response to a number of major corporate scandals including those affecting Enron and WorldCom. Publicly traded companies are obligated to the regulation.
While private companies are excluded from Sarbanes-Oxley, if they provide certain services to publicly traded companies they are required to maintain a SAS 70 Type II certification.
Organizations faced with regulatory obligations related to Sarbanes-Oxley can use RightProcess to manage their policies and procedures in an efficient and cost-effective manner across departments and throughout the organization. Using RightProcess signing executives can feel confident in their organization’s ability to "say what they do and do what they say."
Click here to see a complete list of the RightProcess features and functionality.
|
By Industry