Complying with Sarbanes-Oxley (SOX) is challenging for IT and security teams—unless you have a simple way to document and report on internal controls.
Translate SOX requirements and apply them to your system.
Easily document your security policy.
Prove your system is compliant in less time.
IT Plays a Critical Role in SOX Compliance
In general, the Sarbanes-Oxley Act requires publicly traded companies to be more financially accountable and holds top executives responsible for the accuracy of financial data. From the perspective of most IT security officers, SOX requires evidence that financial applications and supporting systems and services are adequately secured.
Sections 302 and 404 of SOX state that companies need to provide an annual report on internal controls and procedures for financial reporting and assess the effectiveness of such controls and procedures, confirmed by an external auditor. This places a tremendous burden of documentation and process improvement on cybersecurity staff and CIOs.
What SOX Auditors Want
SOX auditors are looking for proof that the configuration of your system and the use of financial applications and financial data on that system match your security policy. Most IT departments are now using the SEC-approved COBIT or ISO 27002 frameworks to define their security policy.
Section 302 requires quarterly audits comparing system configuration to policy, logs of security events and user activity, and verification of proper user profile management. Any exceptions to your security policy should be corrected or documented with an explanation for accepting the risk.
Find the Simplest Way to Get SOX Auditors What They Need
Pass Sarbanes-Oxley audits without days of preparation.
Save Time Gathering Data
Quickly and easily create the reports SOX auditors need.
Prove You’re Meeting Stringent Requirements
Document your security policy and demonstrate that you’re following it.
Pass SOX Audits
Avoid the hefty penalty associated with failing an audit.
Powertech Helps C&D Technologies Achieve AS/400 SOX Compliance
Find out how compliance software from HelpSystems made it easy for a company with a lean IT department to provide the documentation and audit trail required by SOX auditors.
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