From the course: Cloud Security Operations by Pearson

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Regulatory transparency requirements

Regulatory transparency requirements

From the course: Cloud Security Operations by Pearson

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Regulatory transparency requirements

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On the exam, be aware of the Sarbanes-Oxley Act. CEOs and CFOs in the United States are obliged to certify that financial records are accurate and that reports presented to the SEC are accurate. are penalized for non-compliance even if the non-compliance was accidental. The 11 sections of SOCS cover financial records and reporting. SOCS also has compliance sections on data security and information technology. Companies must keep records proving they conform with SOCS. In fact, the storage of those records may be in archival or cold storage at a cloud service provider. Then they're going to undergo an annual audit, the results of which must be readily available to all the stakeholders. Companies that must comply with the Sarbanes-Oxley Act include U.S. publicly traded companies larger than a certain size. It doesn't matter where the stocks are traded, NYSE, NASDAQ, or even over-the-counter stocks. They're all subject to SOX compliance. and foreign companies that have registered debt or…

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