SOX: A Short Guide to Compliance
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Transcript of SOX: A Short Guide to Compliance
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By SWIFTTECH SOLUTIONS
SOX: A Short Guide to Compliance
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compliant
Publicly traded
corporations must stay
with the SOX act.
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1 2 3 The SOX Act Causes of
Noncompliance
Staying Compliant
with SOX
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1 Explaining
SOX
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turned upside down
In the early 2000’s, the financial world was
by accounting scandals.
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Corporations inflated their assets, diverted earnings, and
manipulated stock prices.
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These events resulted in
bankruptcy filings,
class action lawsuits for
the companies, and
charges against top executives.
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These events also resulted
in loss of earnings
for investors and
lost employee jobs.
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Sarbanes-Oxley (SOX) Act was enforced in 2002
to improve financial reporting systems.
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2
Threats to staying
SOX compliant
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There are threats to an IT system that can
undermine a corporation’s ability to stay SOX
compliant.
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Abuse of access privileges
Accidental errors
Destruction of data
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Fire, natural disasters
Communication loss
Unauthorized access by outsider
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There are many things your company can do
to ensure compliance with the SOX Act.
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3 How to stay
compliant
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How can my organization
stay compliant
with SOX?
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Your company can…
Store documents in an
electronic database
Create backup &
recovery procedures
Use a next
generation firewall
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We can help you follow SOX compliance data protection standards.
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CALL SWIFTTECH TODAY FOR YOUR FREE CONSULTATION
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SWIFTTECH SOLUTIONS
WWW.SWIFTTECHSOLUTIONS.COM
877-794-3811
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