Penalties and Requirements under Title VIII of the Act
It is a felony to knowingly destroy or create documents to “impede, obstruct, or influence” any existing or contemplated federal investigation.
Auditors are required to maintain “all audit or review work papers” for five years.
A statute of limitations on securities fraud claims is extended to five years from […]
Popularity: 27% [?]
302: The CEO and CFO are directly responsible for the accuracy, documentation, and submission of all financial reports, as well as the internal control structure to the SEC.
(Translation: The CEO and CFO are on the hook for making sure the company’s financial reports sent to the US Securities and Exchange Commission are right. We talk […]
Popularity: 22% [?]
The Sarbanes-Oxley Act has many provisions. Sections 101, 302, 404, 409, and 906 are the key sections with relevance and impact on information services departments.
Section 101
In section 101, the PCAOB is established as the governing agency to create auditing standards and rules for public companies. In addition, the PCAOB is given the authority to regulate […]
Popularity: 9% [?]
List of Log Report that required by SOX 404
- User Logon/Logoff Report : Sec 302 (a)(4)(C) and (D) - log-in/log-out monitoring
- Logon failure report
- Audit Log Access report
- Object Access report
- System Event report
- Account Mgmt report : sec 302 (a)(6)
- Audit policy changes : sec 302 (a)(5)
- User/Application/Directory or file access : sec 302 […]
Popularity: 15% [?]
The purpose of this checklist is to document the activities performed as part of the monthly financial close process at a company. For each step covered in this checklist, users are encouraged to document the responsible person, date due, and whether the task has been completed and reviewed. This tool has been updated to include […]
Popularity: 28% [?]