From Financial Reporting to Cyber Security: Expanding SOX Compliance
SOX, initially aimed at addressing corporate fraud and improving financial reporting accuracy, has expanded to include broader IT and cybersecurity concerns due to the vital role of information systems in financial reporting. From a cyber security perspective, limiting access to financial data, along with the systems that encircle the data, is the overarching theme. That being said, an important and sometimes overlooked result, is the outcomes improve how organizations keep sensitive data safe from insider threats, cyberattacks, and data breaches.
