Sarbanes-Oxley Summary

The United States Sarbanes-Oxley Act (SOX) of 2002 requires the C-level executives and the board of directors of publicaly traded companies to conduct themselves ethically and to provide internal control and governance mechanisms. SOX also empowers the U.S. Securities and Exchange Commission with wide-sweeping mandates to ensure that SOX is adhered-to.

Sarbanes-Oxley Sorrows

• If you are a public company in North America you must comply with Sarbanes-Oxley Act. Failure to do so may result in heavy fines and possible jail terms for the executives and the board of directors.
• Compliance with Sarbanes-Oxley Act has cost corporations over eight (8) billion dollars in 2005 alone, and the number promises to be no less for 2006.

• Over 60% of post compliance audits resulted in a Failure grade for companies, even after spending from hundreds of thousands to millions of dollars (average is approx. 1.5 million dollars) on developing rigorous compliance polices.

State of SOX – Compliance without enforcement means "NOT Compliant"

• The bottom line is that SOX is an adversarial legislation that requires strict internal control over malicious acts and abuse of power. Internal control, which only a Trusted System is able to deliver.

• Just developing a SOX compliance policy isn't enough to satisfy regulators! Simply having a policy falls short of SOX compliance because policy enforcement is still in the hands of those who are to be controlled by the policy.

• Only a Trusted System that enforces security, access, and auditing policies without fail, with protection against internal tampering will satisfy regulators and make you truly compliant.

• Trustifier™ is the only technology capable of delivering that proof in a way that can be understood by regulators.
• SOXbox™ is the only turn-key Sarbanes-Oxley Compliance Appliance that is powered Trustifier™