NYC area compliance expert
provides IT leaders with an important business checklist for SOX
404 compliance—in a new article from Messaging Architects.
HOBOKEN,
N.J., May 16, 2024 /PRNewswire-PRWeb/ --
Messaging Architects, an eMazzanti Technologies Company and
compliance expert, recently released a checklist for business
leaders to use as they navigate the complex waters of compliance
with the Sarbanes-Oxley Act (SOX).
SOX requires that companies establish
internal controls over financial reporting (ICFR). However, it
stops short of outlining specific practices. Understanding these
requirements from an IT perspective will help ease
compliance.
The author first outlines key elements of SOX 404 compliance,
such as risk assessment and monitoring. Then, recognizing the
important role information technology plays in SOX compliance, the
article examines each of these key elements from an IT
perspective.
"SOX requires that companies establish internal controls over
financial reporting (ICFR). However, it stops short of outlining
specific practices. Understanding these requirements from an IT
perspective will help ease compliance," explained Greg Smith, Vice President of Services Delivery
at Messaging Architects.
Below are a few excerpts from the article, "Your Business
Checklist for SOX 404 Compliance: A Guide for Information
Technology Leaders."
Risk Assessments
"Conduct a comprehensive risk assessment to identify potential
security threats and vulnerabilities within your organization. This
assessment will include an evaluation of the security posture of
your company's information systems and digital assets, including
those involved with financial reporting."
Implementation of Key IT Controls
"Ensure strong authentication measures, including multi-factor
authentication. Additionally, limit access to financial systems and
sensitive data using role-based access and the principle of least
privilege."
Information and Communication
"SOX 404 compliance demands a level of transparency that
requires meticulous documentation. From an IT perspective, this
means that IT controls related to financial management must be
clearly documented. These will involve access to and secure storage
of critical documents, automated retention schedules, indexing and
searchability, and encryption."
Ensure Regular Monitoring
"Maintaining SOX compliance entails regular monitoring of
security incidents and access logs to assess the effectiveness of
IT controls. Automated compliance monitoring will allow compliance
teams to track financial data and provide them with essential tools
to reduce risk."
Build a Foundation with Your Business Checklist for SOX 404
Compliance
This checklist represents a starting point. Consult with legal
and financial advisors to ensure comprehensive compliance with SOX
404. Additionally, the compliance experts at Messaging Architects
provide essential tools to help you implement strategic information
governance, automate compliance monitoring, and strengthen
necessary security controls.
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About Messaging Architects
Messaging Architects specializes in effectively managing and
securing an organization's most precious asset, its information.
With over 20 years of information management and technology
consulting experience, the Messaging Architects team has provided
corporations, educational intuitions, health care facilities and
nonprofits with methodologies, procedures, and technology to keep
their data organized, compliant and secure.
About eMazzanti Technologies
eMazzanti's team of trained, certified IT experts rapidly
deliver increased revenue growth, data security and productivity
for clients ranging from law firms to high-end global retailers,
expertly providing advanced business cyber security, retail and
payment technology, digital marketing services, AI, cloud and
mobile solutions, multi-site implementations, 24×7 outsourced
network management, remote monitoring, and support.
eMazzanti's consistent growth landed them on the Inc. 5000 list
9X. Recognized as a 4X Microsoft Partner of the Year, the #1 ranked
NYC area MSP, NJ Business of the
Year, and 5X WatchGuard Partner of the Year, the company excels as
a trusted outsourced IT partner! Contact: 1-866-362-9926,
info@emazzanti.net or http://www.emazzanti.net Twitter: @emazzanti
Facebook: Facebook.com/emazzantitechnologies.
Media Contact
Juliana Wallace, Messaging
Architects, 2178999111, v-jwallace@emazzanti.net,
https://messagingarchitects.com/
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SOURCE Messaging Architects