What are SOX requirements?
Regarding this, what are SOX compliance requirements?
The Sarbanes Oxley Act requires all financial reports to include an Internal Controls Report. A SOX auditor is required to review controls, policies, and procedures during a Section 404 audit. SOX auditing requires that internal controls and procedures can be audited using a control framework like COBIT.
Keeping this in consideration, what is SOX audit requirements?
SOX auditing requires that "internal controls and procedures" can be audited using a control framework like COBIT. Log collection and monitoring systems must provide an audit trail of all access and activity to sensitive business information.
The Sarbanes-Oxley Act of 2002, often simply called SOX or Sarbox, is U.S. law meant to protect investors from fraudulent accounting activities by corporations. It also covers issues such as auditor independence, corporate governance, internal control assessment, and enhanced financial disclosure.