Resources for Sarbanes-Oxley (SOX)

Are Your Endpoints Compromising Compliance?

www.s-ox.com

Compliance with various government regulatory acts such as Sarbanes Oxley, HIPAA, BASEL II etc. has now become a legal requirement in many countries and is here to stay. As such companies have been spending more and more of their time and budgets to meet these requirements and maintain their integrity and reputation. Failure to do so has already resulted in fines being levied on the executives of some companies; these may be accompanied by severe prison terms of up to 20 years. The powers of regulatory bodies are close to that of Inland Revenue agencies. In the UK, for example, the Financial Services regulator can use force to enter premises but only few businesses know this. Another new standard emerging is SAS 70 (Statement on Auditing Standards No. 70, Service Organizations) which is designed to audit the internal controls of an organisation. Unlike regulatory bodies SAS 70 provides an audit report on whether internal controls in place actually work or not.

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