SOX Compliance

What is SOX Compliance ?

SOX compliance refers to the process of ensuring that a company's financial reporting and internal control systems comply with the requirements of the Sarbanes-Oxley Act.

What are SOX compliance requirements?

The act imposes strict standards for financial reporting and requires companies to establish and maintain internal controls to ensure the accuracy and reliability of their financial statements. To be SOX compliant, companies must perform regular assessments of their internal controls and report on their effectiveness to external auditors. Failure to comply with SOX requirements can result in significant penalties and damage to a company's reputation. Achieving and maintaining SOX compliance is an essential part of corporate governance and risk management.

HighRadius’ Autonomous Accounting Software is a SOX compliant Record to Report Suite offering for Finance & Accounting Operations.