Is Web TimeSheet compliant with Sarbanes-Oxley Act (SOX)?
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All of Replicon's products are compliant with Sarbanes-Oxley Act (SOX).
Sarbanes-Oxley Act (commonly called SOX or SarbOx) is a United States federal law that criminalizes corporate fraud. All publicly-traded companies are responsible and accountable for corporate accounting oversight and disclosure. Accounting for financial reporting can only be facilitated with a suitable time and expense solution. Since its implementation by the United States federal government in 2002, all publicly-traded companies are responsible and accountable for corporate accounting oversight and disclosure. Material misstatements due to error or fraud result in severe criminal and civil penalties. The price to pay is demonstrably steep fines or jail time-ten years to be exact. Web-based time and expense solutions provide exact summaries to help financial officers generate accurate audit trails. By eliminating error-prone paper trails and manual tracking processes, executives are able to accurately track liabilities.