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This is a listing of some of the more common terms and definitions associated
with Sarbanes Oxley and Sarbanes Oxley compliance, and Sarbanes Oxley Software.
Sarbanes Oxley
Compliance:
- Sarbanes Oxley Compliance Definition
Compliance is either a state of being in accordance with
established guidelines, specifications, or legislation or
the process of becoming so. Software, for example, may be
developed in compliance with specifications created by some
standards body and may be distributed in compliance with the
vendor's licensing agreement. In the legal system, compliance
usually refers to behavior in accordance with legislation,
such as the Sarbanes-Oxley Act (SOX) of 2002.
Sarbanes Oxley compliance in a regulatory context is a prevalent
business concern, perhaps because of an ever-increasing number
of regulations and a fairly widespread lack of understanding
about what is required for a company to be in compliance with
new legislation. In the financial sector, Sarbanes Oxley was
enacted in response to the high-profile Enron and WorldCom
financial scandals to protect shareholders and the general
public from accounting errors and fraudulent practices in
the enterprise.
As Sarbanes Oxley compliance has increasingly become a concern
of corporate management, corporations are turning to specialized
software, consultancies, and even a new job title, the Chief
Compliance Officer.
About OpenPages
OpenPages is the leading provider of Governance, Compliance and Risk
Management solutions
for Sarbanes-Oxley Compliance, Financial Controls Management, General
Compliance Management, Operational
Risk Management and IT
Governance.
The company’s solutions provide the visibility, decision support and
control to improve accountability, better manage risk, achieve compliance
with numerous regulations, improve operational performance and align strategies
to ensure better results.
Market-leading corporations in financial services, manufacturing, telecommunications,
media/entertainment, retail/consumer, energy, high technology, health services
and life sciences rely on OpenPages to help them achieve sustainable governance,
risk and compliance management -- enabling them to become well-governed businesses.
Founded in 1996, the company is headquartered in Waltham, Massachusetts, with
regional offices throughout North America and international offices in London, Munich, Paris, Tokyo and Hong Kong.
For more information on OpenPages' suite of business governance software solutions
or to register for an online demonstration, please call 781-693-5999 or visit
www.openpages.com.
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