Manage financial reporting policies and procedures, protect whistleblowers, and facilitate training from a single platform.
Sarbanes-Oxley Act (SOX) Compliance
Prevent fraud and improve financial disclosures
Reinforce your company’s culture and operationalize SOX guidelines related to corporate governance, internal controls, and external auditor independence.
Operationalize SOX compliance requirements
Customize your training program with expert-level content that matches your mission and values while gaining deeper insights into the success of employee ethics training.
Align your Code of Conduct to your culture, ethics, and values while improving employee engagement. Our data-rich dashboards allow you to closely monitor employee adoption to keep you informed on your success and areas where there is risk or room for improvement.
Establish a clear process for recording needed information throughout the case management process and remove hindering roadblocks.
FAQs
Publicly traded companies, wholly owned subsidiaries, and foreign companies that publicly trade and conduct business in the US are subject to SOX regulations.
Under ordinary circumstances, private companies and nonprofits are not subject to the SOX act’s auditing requirements, but these companies can benefit from voluntary audits. Private companies are subject to the law under its provisions on hindering federal investigations, whistleblowing, and preparing IPOs and sales to public companies.
In brief, companies must complete a yearly audit on financial information and an assessment of internal control structures. IT departments and their cybersecurity procedures are also examined. The audits must be performed by independent external auditors who are authorized by the Public Company Accounting Oversight Board (PCAOB).
OneTrust helps you develop the protocols necessary to adhere to SOX compliance requirements. Streamline the adoption of policies with interactive codes of conduct, targeted outreach, and employee engagement tracking. Set up customized training for your stakeholders. And effectively manage your ethics policies by centralizing them in a single dashboard where you can edit, distribute, and collaborate on changes.