The Sarbanes-Oxley Act (SOX) was implemented in 2002 in response to several major accounting scandals that shook investor confidence. SOX aims to improve corporate governance and financial disclosure. Staying compliant with SOX can be challenging due to threats like unauthorized access, human errors, and data loss from disasters. Companies can take steps like electronic document storage, backup procedures, and firewalls to help ensure compliance with SOX's financial reporting and data protection standards.

1. By SWIFTTECH SOLUTIONS
SOX: A Short Guide to Compliance

2. compliant
Publicly traded corporations must stay
with the SOX act.

3. 1
2
3
The SOX Act
Causes of
Noncompliance
Staying Compliant
with SOX

4. 1
Explaining
SOX

5. turned upside down
In the early 2000’s, the financial world was
by accounting scandals.

6. Corporations inflated their assets, diverted earnings, and
manipulated stock prices.

7. These events resulted in bankruptcy filings,
class action lawsuits for
the companies, and
charges against top executives.

8. These events also resulted
in loss of earnings for investors and lost employee jobs.

9. Sarbanes-Oxley (SOX) Act was enforced in 2002 to improve financial reporting systems.

10. 2
Threats to staying
SOX compliant

11. There are threats to an IT system that can
undermine a corporation’s ability to stay SOX compliant.

12. Abuse of access privileges
Accidental errors
Destruction of data

13. Fire, natural disasters
Communication loss
Unauthorized access by outsider

14. There are many things your company can do to ensure compliance with the SOX Act.

15. 3
How to stay
compliant

16. How can my organization
stay compliant
with SOX?

17. Your company can…
Store documents in an
electronic database
Create backup & recovery procedures
Use a next
generation firewall

18. We can help you follow SOX compliance data protection standards.

19. CALL SWIFTTECH TODAY FOR YOUR FREE CONSULTATION

20. SWIFTTECH SOLUTIONS
WWW.SWIFTTECHSOLUTIONS.COM
877-794-3811

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