Sarbanes-Oxley (SOX) Compliance

A recommended approach to managing SOX compliance, using the Diligent One Platform.

SOX and internal controls management overview

In 2002, the Sarbanes-Oxley (SOX) Act ushered in a renewed focus on corporate compliance. Publicly traded companies and associated third parties need to provide reports that certify the accuracy of their financial statements.

Challenges and opportunities

Companies that comply with SOX operate with increased effectiveness and efficiency.

However, SOX compliance can be a heavy burden. It often falls on the shoulders of many stakeholders, departments, processes, and systems. SOX compliance is resource-intensive, and penalties for non-compliance are severe.

People involved in SOX compliance

The people involved in SOX compliance include:

  • Chief Compliance Officers, Audit Executives, SOX Auditors, and Information Officers
  • Audit, Compliance, Executive, and Information Security Managers
  • Risk Management teams
  • External Reviewers
  • Clients
  • Other professional staff

SOX compliance solution guides

Implementing a SOX 404 program

Implement a SOX 404 program using the Projects and Reports apps.

Automating a SOX 302 certification program

Automate a SOX 302 certification program using the Projects and Results apps.

Demonstrating assurance over internal controls

Test the design and operational effectiveness of controls using the Projects app.

Monitoring SOX progress

Analyze and visualize progress of SOX progress in the Storyboards app or the Activity Center app.