The Sarbanes-Oxley Act

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There are so many organizations today that are using the Sarbanes-Oxley (SOX) legislation that helps to safeguard their company and their financial records. The Sarbanes-Oxley act began in 2002 and the purpose behind this act was to protect organizations, it had a major impact on accounting and record keeping. Because of Enron, they passed this act for publicly-traded corporations to better implement control to their enterprise data. “Named after Senator Paul Sarbanes and Representative Michael Oxley, who also set a number of deadlines for compliance” (SOX Law ). “The Sarbanes-Oxley Act is arranged into eleven titles, but the most important sections within these are often considered to be 302, 401, 404, 409, 802 and 906” (SOX Law ). The Sarbanes Oxley legislation can impact or is expected to impact organizations. The Sarbanes Oxley is used by many organizations and an example of these organizations is Protiviti and IBM, it is much more than just compliance. There are also other things that these organizations are doing or will be doing to follow the Sarbanes Oxley legislation. IBM addresses the requirements of the Sarbanes-Oxley (SOX) with combining strategy, process, and technology, with their financial management services. It is designed to support and transform a business processes and move to a real-time, in demanding environment. “IBM. Business Consulting Services have identified key issues regarding Section 302 compliance” (Sarbanes-Oxley solutions). “Section 302 requires CEOs and CFOs to personally certify quarterly and annual financial statements and take responsibility for ensuring their accuracy, was implemented” (IBM). Other companies are using technology to maintain their financial data, by storing their dat... ... middle of paper ... ...orations that are using the SOX legislation in their organizations to protect their company and their financial records. Works Cited Brown, C. V. (2009). Information Security . Managing information technology (6th ed., pp. 611-612). Upper Saddle River, N.J.: Pearson/Prentice Hall. IBM - Sarbanes-Oxley solutions. (n.d.). IBM - United States. Retrieved June 24, 2011, from http://www-935.ibm.com/services/us/en/business-services/sarbanes-oxley-solutions.html MCKENNA, F. (n.d.). The State of Sarbanes-Oxley Compliance According To Protiviti - Francine McKenna - Accounting Watchdog - Forbes. Forbes . Retrieved June 26, 2011, from http://blogs.forbes.com/francinemckenna/2011/06/21/the-state-of-sarbanes-oxley-compliance-according-to-protiviti/ The Sarbanes-Oxley Act 2002. (n.d.). The Sarbanes-Oxley Act 2002. Retrieved June 26, 2011, from http://www.soxlaw.com/

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