Time Tracking Compliance with SOX
The Sarbanes-Oxley Act of 2002 is a United States federal law that enhanced standards for all U.S. public company boards, management and accounting firms
Since its implementation, material misstatements due to error or fraud result in severe criminal and civil penalties.
Security controls are integrated into timesheet applications, with the intent of providing the ability to enforce user authorization
Timesheet applications provide historical records of all time and expense transactions for auditing purposes
Timesheet applications provide detailed audit trails contributing to organizational success. No opportunity for fraudulent behavior
Setup approval flows, notifications and automated time entry rules that make sense for your business
Our solutions adapt to your business processes, global pay rules and time tracking compliance requirements
Company executives can report on the company’s liability obligations at any time.
The Sarbanes–Oxley Act of 2002 (or SOX) is a United States federal law that set new or enhanced standards for all U.S. public company boards, management and public accounting firms. As a result of SOX, top management must now individually certify the accuracy of financial information. In addition, penalties for fraudulent financial activity are much more severe. Also, SOX increased the independence of the outside auditors who review the accuracy of corporate financial statements, and increased the oversight role of boards of directors. Replicon is a key part of organization’s strategy to meet SOX compliance.