Sarbanes Oxley

How NETconsent helps

NETconsent electronic acceptance of policies at logon is by far the most practical, reliable and cost-effective method of ensuring that all users have read and accepted Sarbanes Oxley related policies.
NETconsent records information about when a user accepted or declined a policy, so there is no ambiguity over policy version control.
NETconsent shows how well someone has understood each policy by testing understanding. Staff who understand why SOX controls are in place are more likely to adhere to them
NETconsent reports show who has yet to sign up to policies without the administrative burden associated with more traditional record keeping.
NETconsent provides real-time management reports showing overall levels of compliance crucial to improving governance.

Challenges of Sarbanes Oxley

Avoid fines and imprisonment
Loss of shareholder trust
Reduction in brand value

Sarbanes Oxley Requirements

Restrictions on the types of trade allowed within a company
Auditable systems to record transactions
A ban on personal loans to officers and directors
Regulation of audit committee responsibilities
Protection for whistle blowers
Record retention period of at least 5 years for some documents
Archiving and monitoring of communications

About the Sarbanes Oxley Act

The Sarbanes-Oxley Act is legislation introduced in the USA following the WorldCom and Enron financial scandals. It aims to protect shareholders and the public from the consequences of financial malpractice and accounting fraud. The act is administered by the Securities and Exchange Commission (SEC).

The solution is easy to deploy and NETconsent has provided an excellent level of support. When we commenced the evaluation we were only looking to manage the security-related policies, but as we progressed we realised that many other council policies and procedures would also benefit from an automated policy management solution

Robin Barlow
ICT Support Manager
South Hams District Council