SOX Compliance

The Sarbanes-Oxley Act of 2002, enacted after the Enron and WorldCom scandals, established requirements for financial reporting integrity at US public companies. Key provisions include: Section 302, requiring CEOs and CFOs to personally certify the accuracy of financial statements; Section 404, requiring management to assess and report on internal controls over financial reporting (ICFR), with external auditor attestation for large accelerated filers; and Section 906, establishing criminal liability for knowing certification of materially false statements.

SOX compliance is documentation-intensive. Companies must maintain evidence that key financial controls exist and are operating effectively — documentation of control design, test results, remediation of deficiencies, and management's assessment. Document intelligence accelerates SOX readiness by organizing control documentation, mapping evidence to control objectives, and identifying documentation gaps before the annual audit.