What Does Sarbanes-Oxley mean for records management?

The rash of accounting irregularities and allegations of wrongful document destruction are driving both stronger enforcement of existing regulations, as well as new laws with stronger penalties. One of the most significant of the new laws is the Sarbanes-Oxley Act of 2002. This law prescribes a sweeping system of additional federal oversight covering corporate governance and financial practices of publicly traded companies.

An enterprise-wide records management program — for paper, e-mail and electronic records — is an essential part of the sound financial controls and internal policies and procedures your company needs to prove compliance with Sarbanes-Oxley. Failure to produce requested records can lead to senior executives being held personally accountable for this lack of compliance.

> Read More