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| SOX AUDIT |
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The Sarbanes Oxley Act came into force in 2002 when the U.S. capital markets were roiled by revelations of financial wrong doing at numerous major companies. As per the Act, a system must be followed by the organization to have a check over the activities performed so as to gain public confidence and reliability and maintain the standards of financial reporting.
The implementation of the provisions of SOX Act, deliver high class performance and user satisfaction in efficient manner and generates cost effective services with utmost quality. It emphasizes on internal control system that helps in generating reliable results and aims at 100% client satisfaction. |
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| The key features of working system involves: |
- There is a proper review process for each and every activity; which gives assurance regarding the reliability of Financial Reports.
- Proper back up and restoration of client data regularly in soft & hard copies for the prescribed period under the Act. (Generally 5 years)
- Data exists in an internally controlled and verifiably secure framework. Proper alert on all unauthorized, accidental and malicious, data modification, to maintain data integrity.
- Management will have close check on all updates in a process or control documentation throughout the year.
- Provision of Sox emphasize on internal control system which will lead to corporate transparency which is based on the dispersion and accuracy of analyst earnings forecasts.
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