Time Tracking Compliance Sarbanes-Oxley

2002

Sarbanes-Oxley Act

Since its implementation, material misstatements due to error or fraud result in severe criminal and civil penalties.

Time Tracking Compliance with Sarbanes-Oxley (SOX)

Production of Accurate financial reports to be reviewed by certified officers

Ensure ethical financial reporting practices and strength of internal control structure

Report changes to financial conditions or operations to the public without delay

Destruction, alteration, and falsification of records

Corporate responsibility for financial reports

How Replicon Makes SOX Compliance Easy

Secure, Cloud-based Apps

Security controls are integrated into timesheet applications, with the intent of providing the ability to enforce user authorization

Compliance Made Easy

Timesheet applications provide historical records of all time and expense transactions for auditing purposes

Audit Trails

Timesheet applications provide detailed audit trails contributing to organizational success. No opportunity for fraudulent behavior

Flexible Time Tracking

Setup approval flows, notifications and automated time entry rules that make sense for your business

Advanced Configurability

Our solutions adapt to your business processes, global pay rules and time tracking compliance requirements

Corporate Responsibility

Company executives can report on the company’s liability obligations at any time.

Replicon’s cloud-based time tracking solution ensures that your company is aware of its liability obligations. Time off is categorized as a liability and must therefore be accurately tracked and reported on.

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The Sarbanes-Oxley (SOX) Act

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.

Time Tracking Compliance with SOX

The Sarbanes-Oxley (SOX) Act