One of the biggest benefits of sox compliance

One of the Biggest Benefits of SOX Compliance SOX stand for Sarbanes-Oxley act of year 2002 and the act passed by US congress in year 2002 so as to protect investors from the possibility of fraudulent accounting activities by corporations and that’s the reason the SOX Act mandated the strict reforms to improve the financial disclosures from corporations and prevent accounting fraud and thus the companies that are registered to get SOX compliance so that the frequent activities can be minimized & thus the interest of investors can be saved.

In short SOX is a legislation passed by US congress to protect the shareholders and general public interest from accounting errors and the fraudulent practices in any enterprise and thus it lays stress on improving the accuracy of corporate disclosures by the organization and that’s the reason the act sets the deadlines for compliance and publishes the rules on requirements and the act got its name by the congressmen as the act was drafted by Paul Sarbanes and Michael Oxley and they have drafted the act with the goal of improving the corporate governance and accountability and it was made mandatory that all public companies needs to be SOX compliance so that the interest of general

public can be saved and thus there are various sections in the act according to which the company needs to be compliance.

One of the biggest benefits of SOX compliance is that the act encourages the companies to make their financial reporting efficient and automated at the same time it brings higher accountability for recording of journal entries and thus binds them to make the public disclosure for their financial statements and thus it’s important to investors as the basic aim of the act is to safe guard the interest of investors As the history of act the act was signed into law on 30 July 2002 by President Bush with the purpose is to review legislative audit requirements and to protect the interest of investors by improving the accuracy and reliability of corporates disclosures and the best part of being SOX compliance is that being in SOX compliance and complying with other regulatory standards is nearly impossible without the correct security solutions in place as while providing evidence of compliance is even worse because the evidence must prove written controls are in place and are communicated and enforced while supporting nonrepudiation and thus if you’re relying on a software solution for being SOX compliance then it’s important to understand that the software should be able to monitor data, enforce policies and log ever user action as that is needed for being SOX compliance.

For further communication details: https://www.datasunrise.com/compliance/sox Address:3040 78th Ave SE Suite #273, Mercer Island, WA 98040 Phone no- (206) 420-6611