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Posted in Community :

SOX compliance

 
Industry : Law
Functional Area : Business Policy
Activity: Question posted: 04 25 2008 01:06:20 +0000, 2 answers, 158 views, last activity 07 06 2010 20:18:08 +0000
 
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  Answered by     Santhosh Mogili, Founder & CTO, Opt IT Technologies (I) Pvt. Ltd.  | 02 14 2009 02:54:26 +0000
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Apart from this there are certain prerequisites to be SOX compliant and one of them being monitoring and tracking system in house to ensure your organisation has a record of all the outgoing and incoming data. At any point of time if there is a data leak that has happened,, the organisation must be ready to track it down .. (BTW , this is just one of the points from an IT perspective enabling an organisation to be SOX compliant)

  Answered by     Sanjeev Soni, Corporate Lawyer  | 04 25 2008 01:07:03 +0000
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All publicly-traded companies in the United States, including all wholly-owned subsidiaries, and all publicly-traded non-US companies doing in business in the US are effected. In addition, any private companies that are preparing for their initial public offering (IPO) may also need to comply with certain provisions of Sarbanes-Oxley.

 
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