Our Guide To Sox Compliance 2021 Who Comply Sox Law
This means firmer internal control protocols in terms of financial security and reporting in publicly traded entities. Congress passed the SOX compliance act in an era of notorious financial scandals. Giant entities Tyco, WorldCom, and Enron, faced significant fraud charges, and WorldCom was folding in bankruptcy of $104 billion. Every public company has a SOX-compliance obligation both on the IT and financial sides. The legislation has significantly changed how IT departments keep their electronic records....