Venali
and Sarbanes-Oxley
Complying with the Sarbanes-Oxley is necessary for all
businesses. However, at times, finding old documents
and keeping track of confidential material gets confusing
and tedious. With Venali Internet Fax, you will never
again be forced to dig through loose papers.
Users of Venali Internet Fax are able to prove reports
and statements easily, as a replica of all faxed material
is created for the sender to keep. Because this information
is so easily accessible via a folder in the user’s
inbox, there will never be any question as to the authenticity
of the documents. This makes an easy efficient system
in which the user can supply the necessary information
at the push of a button. Never again search through old
binders and folders. Keeping an electronic copy makes
complying with Sarbanes-Oxley simple.
The sections of the Sarbanes-Oxley Act that are most
relevant to IT professionals are as follows:
Section 302: Corporate Responsibility
for Financial Reports
Public company officers must certify the reliability
of quarterly and annual financial statements, and must
state that the company has established and maintained
internal controls to ensure timely and accurate disclosure,
highlighting any weakness in those controls.
Section 404: Management Assessment
of Internal Controls
Public companies must annually review and report on the
effectiveness of their internal controls over financial
reporting. The independent company auditor must also
attest to, and report on, the accuracy of the report.
Section 409: Real Time Issuer
Disclosures
Public companies must be aware of, and declare, charges
in their financial condition or operations within 48
hours of material events.
Section 802 & 1102
Public companies can be charged with criminal penalties
for altering or destroying documents relating to financial
reports.
Venali is compliant with all sections of the Sarbanes-Oxley
act.
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