Requirements · Financial services
Sarbanes-Oxley Act
4 Moraph products list it under “Requirements it supports”. The products support this requirement; meeting it remains your organization’s responsibility.
About the rule
What it is
The Sarbanes-Oxley Act of 2002 is a US federal law on financial reporting and corporate accountability for public companies. Section 404 requires management to assess and report on the company’s internal control over financial reporting and, for larger companies, an independent auditor to attest to that assessment. The Securities and Exchange Commission issues the rules that implement it, and the Public Company Accounting Oversight Board oversees the auditors of public companies.
Source: Sarbanes-Oxley Act of 2002, Public Law 107-204 (GovInfo). This summary is for orientation only; read the rule itself or ask your counsel for what it requires of you.
Citations
How the products cite it
The exact wording on the product pages, with how many products use each.
- Sarbanes-Oxley Act Section 404 (internal control over financial reporting) 3 products
- Sarbanes-Oxley Act Section 301, for public holding companies 1 product
For what it requires of your organization, read the rule itself or ask your counsel.
Products
The 4 products that support it
Board Governance & Packet Portal
Encrypted iPad portal for Board minutes and voting, with "reading room" controls on downloading and printing non-public material. Access policy and vote validity remain your institution's.
Lists:
- Sarbanes-Oxley Act Section 301, for public holding companies
Database Security
Real-time monitoring of SQL queries to detect mass data exfiltration events.
Lists:
- Sarbanes-Oxley Act Section 404 (internal control over financial reporting)
Privileged Access Management
Vaulting and rotating passwords for core banking admin accounts.
Lists:
- Sarbanes-Oxley Act Section 404 (internal control over financial reporting)
Spreadsheet Risk Control
Auditing critical Excel models (EUCs) for formula errors and unauthorized changes.
Lists:
- Sarbanes-Oxley Act Section 404 (internal control over financial reporting)
Not sure which requirements apply to you? Request a gap analysis. All requirements: Requirements our products support.