SOX Fraud and C-Suite Liability: The importance of corporate accountability and how Connecting Software can help!
(PresseBox) - The Sarbanes-Oxley (SOX) act, passed in 2002, is still a foundational regulation when it comes to financial reporting in the US – designed to enforce a degree of leadership accountability in regards to public disclosures. Principally, it establishes that “the CEO and CFO are directly responsible for the accuracy, documentation and submission of all financial reports as well as the internal control structure”.
This means that corporate leadership is directly responsible if fraudulent or misleading reporting is submitted on their behalf, carrying a maximum penalty of “upwards of $5 million in fines and 20 years in prison.”
The stiff penalties included within this legislation show how important it is for organizations to ensure their records have not been altered. This is where Connecting Software’s Truth Enforcer comes in – it can create a “digital seal” on any document that can be verified at any time and will show if even the smallest alteration is made. This provides critical peace of mind that when a final financial report is made, an organization can have certainty on which document is the authoritative version – even against sophisticated fraud attempts.
Truth Enforcer helps prevent common errors that occur with version control and unauthorized editing, which are often present when large amounts of users are able to access a single document. It allows leadership to easily seal and verify the finalized version in seconds – making organizations much more resilient to the effects of tampering.
With something as critical as financial reporting – it's best not to leave security to chance. Truth Enforcer equips companies to maintain the integrity of their financial reports while safeguarding the interests of their executives and employees.
Reach out to Connecting Software today for more information: https://www.connecting-software.com/
Connecting Software has been providing software solutions to synchronize data and connect enterprise systems for over two decades. It serves over 1000 customers globally, particularly in highly regulated sectors such as finance, public service, and defense.
Connecting Software’s solutions work automatically in the background to increase productivity, improve security, and ensure compliance. They easily connect with popular business applications like Microsoft Dynamics, O365/M365, SharePoint, and Salesforce. They also incorporate proven, cutting-edge technologies such as blockchain for data integrity and authenticity, and data diodes for unidirectional secure data transfer in sensitive environments. This strategic application of advanced technologies ensures effectiveness and reliability for clients’ critical operations.
Unternehmensinformation / Kurzprofil:
Connecting Software has been providing software solutions to synchronize data and connect enterprise systems for over two decades. It serves over 1000 customers globally, particularly in highly regulated sectors such as finance, public service, and defense.
Connecting Software’s solutions work automatically in the background to increase productivity, improve security, and ensure compliance. They easily connect with popular business applications like Microsoft Dynamics, O365/M365, SharePoint, and Salesforce. They also incorporate proven, cutting-edge technologies such as blockchain for data integrity and authenticity, and data diodes for unidirectional secure data transfer in sensitive environments. This strategic application of advanced technologies ensures effectiveness and reliability for clients’ critical operations.
Datum: 16.07.2025 - 09:00 Uhr
Sprache: Deutsch
News-ID 724275
Anzahl Zeichen: 3137
contact information:
Contact person: Elliot Settle
Town:
Vienna
Kategorie:
Manufacturing & Production
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Die Pressemitteilung mit dem Titel:
"SOX Fraud and C-Suite Liability: The importance of corporate accountability and how Connecting Software can help!"
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