SOX Compliance Solutions
Achieving comprehensive SOX compliance
The experts at Concord Compliance have the experience and knowledge to provide simple SOX compliance solutions.
The experts at Concord Compliance have the experience and knowledge to provide simple SOX compliance solutions.
The Sarbanes-Oxley Act was passed by Congress in 2002 to protect investors by requiring corporations to abide by an annual audit in which they are obligated to provide accurate financial records made pursuant to the security laws.
Failure to comply with SOX can result in civil and criminal penalties, including up to $5 million dollars and up to a 20-year prison term.
SOX prohibits all businesses, including private companies and nonprofits, from illegal destruction of financial records and/or infringement on the rights of whistleblowers.
SOX requires that CEOs and CFOs acknowledge responsibility for the accurate documentation and submission of all financial reports.
SOX requires that management is responsible for internally controlling their financial records, and that all faults must be reported.
SOX requires that companies communicate and enforce formalized data security policies that protect all financial data that is stored and used.
SOX requires companies to provide documentation that ensures continuously updated compliance with SOX standards.
With Concord Compliance, SOX requirements don’t seem so scary. Our compliance management process utilizes industry-leading professional services to deliver a comprehensive SOX compliance solution that ensures your business is fully SOX compliant. Filling in as your trusted business partner, our team works with you every step of the way to ensure your business is SOX compliant.
At Concord Compliance, we understand that your organization is unique. So we create compliance programs tailored to your business and ensure that you are provided with the tools needed for SOX compliance. In fact, when we enact a SOX compliance program that works for your organization, we’ll step back and let your staff maintain your program while we simply offer as much, or as little, direction and assistance that you require.
Our SOX compliance software platform schedules and tracks various testing actions and attestation collections to ensure that your company has the proper security, governance, and maintenance elements to achieve SOX compliance.
With Concord Compliance, our compliance management software platform provides historical scorecards and reports in order to ensure complete managerial transparency regarding the status of your company’s SOX compliance program.