Business Technology Innovation

SOX has made Internal Controls to be looked at not as a one time exercise. For successful compliance the controls have to be existent, controls have to operational and continuously operational.

Compliance to Sarbanes-Oxley (SOx) and other Internal Control requirement is a business compulsion now. Ongoing compliance is essential to maintain financial certification, making SOx a daily part of transaction processing. If not for SOx, for companies coming under IFRS Convergence, will have to address the same for financial reporting purposes.