Could you please tell where can I get more information on this ?
If I want to do a certification on this where can I get the information
2006-08-05 19:36:48 · 7 answers · asked by cmanas17 1 in Computers & Internet ➔ Security
I agree with the first answer, it is very complex. I have volunteered as a process and systems tester for Sarbanes Oxley evidence and the requirements are incredible! But if it keeps another Enron from happening, I imagine that is a good thing.. Sox was implemented to introduce rigid controls against financial reporting fraud (claiming more profit than you made, because your systems could not prove or deny it)
The SoxToolkit.com created a Guide that translates Sarbanes Oxley Act legalese, into plain English. To your question, yes it is a security procedure and more. Sox covers audit controls for corporate governance of systems and processes supporting financial reporting (of which securities is integral). Some believe this is one of the most notable modifications to U.S. securities laws since the 1930s.
2006-08-05 19:48:28 · answer #1 · answered by Dawn M 3 · 0⤊ 0⤋
SOX is an abbreviation for the Sarbanes-Oxley act of 2002. It's a law that requires businesses to do more accounting of their revenue and costs. It is a direct result of the huge multinational business meltdowns after the bubble burst in 2000. A few examples are Enron, Worldcom, and Tyco.
2006-08-05 19:44:11 · answer #2 · answered by Bob 1 · 0⤊ 0⤋
SOX is short for the Sarbanes Oxley Act of 2002. It basically states any publicly traded company has to keep records of all its communications for a certain period of time. Such as phone records, emails, memos, Instant Messages anything that has any info about the companies fiances or or has to to do with its financial state.
It was created after the Enron mess.
2006-08-05 19:44:12 · answer #3 · answered by snare3011 3 · 0⤊ 0⤋
Compliance with Sarbanes-Oxley Act
Sections 302 and 404
2006-08-05 19:41:56 · answer #4 · answered by Anonymous · 0⤊ 0⤋
SOX is a popular abbreviation for the Sarbanes-Oxley Act. Google that for more information. Way to much to try and put anything meaningful here.
2006-08-05 19:39:56 · answer #5 · answered by Bostonian In MO 7 · 0⤊ 0⤋
Company financials
Sarbanes Oxley
http://en.wikipedia.org/wiki/Sarbanes-Oxley_Act
2006-08-05 19:42:46 · answer #6 · answered by jess 1 · 0⤊ 0⤋
Read this site, will explain it..>>
http://www.webcpa.com/article.cfm?articleid=14521&pg=acctoday
2006-08-05 19:45:20 · answer #7 · answered by Anonymous · 0⤊ 0⤋