Five Ways To Fail a Sarbanes-Oxley Audit

As the new year arrived, it brought with it new challenges for business and the IT organizations that support it. Whether a new calendar year with renewed budgets or the start of a new business quarter, there are sure to be new projects assigned to IT. Almost assured, is one of the projects at the top of the list, will be one of regulatory compliance as the time grows near for company executives to verify compliance with the Sarbanes-Oxley Act (SOX). Section 404 of the Act mandates that executive management of publicly held companies must evaluate and report on the effectiveness of their internal controls over financial reporting, and have independent auditors substantiate the effectiveness of the procedures and internal controls for financial reporting.

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