← Cybersecurity Alphabet Soup

SOX

Sarbanes-Oxley Act

governancemedium

A US law passed in 2002 after the Enron and WorldCom accounting scandals to protect investors from fraudulent financial reporting. It requires public companies to maintain and audit internal controls over financial reporting, which in practice includes IT controls around financial systems. Executives must personally certify the accuracy of financial statements, with criminal penalties for false certification.

Sources

More in governance