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.
Time Tracking Compliance with Sarbanes-Oxley (SOX)
How Replicon Makes SOX Compliance Easy
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.