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).
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, [email protected] or http://www.emazzanti.net Twitter: @emazzanti Facebook: Facebook.com/emazzantitechnologies.
Media Contact
Juliana Wallace, Messaging Architects, 2178999111, [email protected], https://messagingarchitects.com/
SOURCE Messaging Architects
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