The Sarbanes-Oxley Act (SOX) is a federal law establishing regulations to improve the reliability of financial reporting and reduce corporate fraud. It was created to help protect shareholders and the general public from fraudulent practices. Financial firms must include an assessment of their internal accounting controls and financial reporting procedures in their annual reports. Financial executives must certify the accuracy of company financial statements. Non-compliance will result in fines and penalties enforced by the Securities and Exchange Commission (SEC).
Rizkly provides a simpler path to SOX compliance. With a secure cloud-based software service for managing compliance tasks, Rizkly’s Guided Compliance approach helps organizations achieve and maintain SOX compliance with reduced cost and effort compared to traditional consulting solutions: