Thursday, November 18, 2004

White Paper: Sarbanes-Oxley and the Branch Office

For the more than 15,000 publicly-traded corporations doing business in the United States, the Sarbanes-Oxley Act of 2002 (also known as "SOX") is a major piece of legislation that is a having profound impact on the way financial information is collected, processed, stored and reported. These companies must develop, test, document and consistently execute processes that lead to full, accurate and timely disclosure of any events that materially impact the financial standing of the corporation.

SOX lays out the potential for severe penalties, including prison, for corporate executives that fail to meet the new compliance standards created in the Act. Most CEOs and CFOs are taking these new mandates very seriously, and are putting programs and processes in place to help them meet this challenge. However, many of these corporations have not yet addressed the management of financial information that resides in their remote or branch offices.

This is a tough problem - often with hundreds or even thousands of locations, each with their own levels of data protection technology and personnel skills - but it's one that needs to be addressed to fully meet SOX compliance.

Signiant has developed a white paper "Sarbanes-Oxley and the Branch Office", providing an insight into the management of remote data with regards to SOX compliance, and will help the reader to gain a better understanding of its purposes, requirements, and consequences.

White Paper: Sarbanes-Oxley and the Branch Office

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