SOX compliance is important for your financial data security
Sophos can help.
The Sarbanes-Oxley Act requires implementation of good financial reporting and corporate governance. The Act aims to protect the general public from accounting errors and corporate fraud. Sophos’ next-gen security includes several solutions that can help you achieve and manage SOX compliance and ensure financial record availability.
Read the Compliance Card for more details on how Sophos solutions help your efforts to stay compliant.
The Sarbanes-Oxley Act: A Refresher
The Sarbanes-Oxley Act of 2002, also known as the Public Company Accounting Reform and Investor Protection Act, was enacted in response to a number of major corporate and accounting scandals. All publicly traded companies are required to comply with SOX, and a number of the Act’s provisions apply to privately held companies.
There are severe penalties for non-compliance with SOX. CEOs, or CFOs of companies found non-compliant with SOX face up to 10 years in prison and a $1 million fine. Penalties differ depending upon the section violation and, besides incarceration and fines, may also lead to firings, public censure, stock devaluation, and bankruptcy.
This is not an exhaustive review of all elements of the Regulation, nor is it legal advice. Please consult your own legal experts if required.
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