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While the entire Sarbanes Oxley Act (SOX) was established for accounting and responsibility, with 11 different titles to focus on various requirements, the most complex and costly part for businesses is Section 404. It focuses on internal controls over financial reporting. In this article, we will focus on the complexity of compliance requirements, look at…

What is SOX Act? The Sarbanes-Oxley Act (SOX) of 2002 is a U.S. law created to enhance corporate governance and improve financial transparency and accountability in response to infamous scandals like Enron and WorldCom. Under SOX, public company CEOs and CFOs must certify financial statements. Also, SOX requires public organizations to enable internal controls and…

Traditional View of SOX When the Sarbanes-Oxley (SOX) Act was initially established, people thought of it as a means to increase the accuracy and reliability of financial statements and prevent financial reporting frauds by requiring effective internal controls over financial reporting (ICFR). The main emphasis of SOX in cyber security compliance is on internal controls,…

To ensure your company remains compliant with the Sarbanes-Oxley Act (SOX), it’s essential to understand the specific rules governing data retention. What records must be preserved, and for how long? Which data types require secure storage, and what are the best practices for maintaining compliance? This guide will break down SOX data retention requirements, helping…

What are Internal Controls? Internal Controls can be defined as internal security processes that organizations, specially publicly traded companies, need to implement and maintain to provide accurate, reliable and timely information of operations and financial data to public, prevent fraud and promote accountability. Moreover, these internal security controls should be in compliance with SOX (Sarbanes-Oxley…

SAP Issues Urgent Warning and requires immediate action on Critical CVE-2025-31324 Vulnerability in SAP NetWeaver Visual Composer With vulnerability CVE-2025-31324, SAP addresses a severe flaw in the Visual Composer (VCFRAMEWORK) of the SAP NetWeaver Application Server Java — so critical that an out-of-band security patch was issued, a step SAP takes only in exceptional cases….

In this blog, we will discuss what are internal controls in accounting What are Internal Controls in Accounting? Internal Controls in accounting are specific procedures, methods, and mechanisms organizations implement to assure the accuracy and validity of their financial statements. These controls are the backbone of an organization’s ability to maintain financial integrity, gain trust…

SAP Patch Day May 2025: Key Security Updates in Focus SAP has released 18 Security Notes on May 13, 2025, including 16 new notes and 2 updates to previously published advisories. The May release addresses a broad spectrum of vulnerabilities, ranging from critical authorization issues to remote code execution, information disclosure, and cross-site scripting. Two…