True North uses top-of-the-line security technology alongside innovative backup solutions to make SOX compliance simple. Don’t risk unnecessary penalties. Trust in True North.
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The Sarbanes-Oxley Act (SOX), passed in 2002, was designed with the goal of increasing transparency in corporate governance and financial reporting through the implementation of accounting and disclosure requirements. It also was designed to formalize a system of internal checks and balances.
It is applicable to every publicly held American organization, each international organization that has registered securities with the SEC, and every accounting firm or financial services organization that services either of the previous categories of businesses.
Penalties for non-compliance can include:
Compliance with SOX is an ongoing concern for IT professionals and executives. They need to understand the two sections of SOX that have clear implications for data management, reporting, and security.
Section 302 relates to an organization’s financial reports. It requires that both the CEO and CFO of an organization personally certify that all records are accurate. As part of this, they must take personal responsibility for internal controls and review these controls within the past 90 days. As a result of this, there is a clear incentive for organizations to have a high degree of IT security.
Section 404 discusses additional requirements for monitoring and maintenance as it relates to internal controls of the organization’s accounting and financial information. It stipulates that companies need to have an annual audit of these controls performed by a third party. Once completed, this information then goes directly to the SEC.
True North is fully compliant with all SOX requirements. We use two separate data centers, both of which feature advanced physical security, environmental security, and incident management solutions.
Access and security of each facility is controlled with thorough use of:
We use only the highest levels of digital and physical security at our facilities to provide the best possible environment for our clients and ensure we meet the requirement put forward by SOX.
Furthermore, by leveraging our innovative backup and recovery solutions, we’re able to keep your information protected, and you compliant. Rest assured, your data is safe with us.
True North takes SOX compliance seriously. We work to keep our facilities as secure as possible with the best solutions. By working with us, you’ll be better able to be SOX compliant.