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The Sarbanes-Oxley Act establishes new requirements for the protection, retention, security, accessibility and destruction of financial records. Experts and analysts agree that these reporting requirements and controls apply to any and all processes, procedures, applications, systems and data involved in calculating and reporting on an organization’s financial information. |
A company needs to have a documented set of internal rules that control how data is generated, manipulated, recorded and reported. Because financial transactions and information are heavily dependent on technology, data storage infrastructure is an integral part of a comprehensive Sarbox compliance strategy. |