Sarbanes Oxley Act Of 2002

995 Words4 Pages
“Sarbanes-Oxley Act of 2002” mandated a number of reforms to enhance corporate responsibility, enhance financial disclosures and combat corporate and accounting fraud, and created the "Public Company Accounting Oversight Board," also known as the PCAOB, to oversee the activities of the auditing profession” (U.S. Securities and Exchange Comissions). To protect investors by improving the accuracy and reliability of corporate disclosures made pursuant to the securities laws, and for other purposes. This protection is for our company and protects us from certain financial complications. All financial compliance laws will be located in the finance section of our company and managed in the same way. Risks and Challenges The following is a list and brief detailing of the organizations current risks. These threats are generalized there is a specific list of threats to the embassy listed later. Acts of Nature Include Lightning storms, hail storms, tornado’s earthquakes floods or any other natural disaster you could think of that could possibly disrupt daily operations and make data unavailable for any reasons. Dependency Failures Include systems or personal that become inoperable that are outside our control to repair. This includes 3rd party application or cloud storage, also includes the termination of critical employee example would be a system administrator resigns, or subject matter expert was terminated. System and Environmental Failures This includes the failure of computer,

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