Sarbanes Oxley Compliance Software

Related Regulations

Sarbanes Oxley Compliance Software – Similar Regulations/Frameworks

The following regulations and frameworks share great similarity with the original SOX requirements, thereby making it possible to apply a common approach and methodology. ProcessGene™ Multi-Org technology enables the provision of a targeted, specific software solution to any of these regulations and frameworks, hence providing the most adequate framework to global, multi-subsidiary organizations.

Sarbanes Oxley Compliance Software – Canada – Bill 198 / CSA 52-313

Canada’s related regulation is Bill 198 / CSA 52-313. Bill 198 was introduced 2002 by the the Provincial Government of Ontario, Canada. Bill 198 comprises similar issues as Sarbanes-Oxley, including auditor independence, audit committee responsibilities, CEO and CFO accountability for financial reporting and internal controls, faster public disclosure, and stiffer penalties for illegal activities.

Sarbanes Oxley Compliance Software – Japan – FIEA (J-SOX)

Japan’s related regulation is FIEA (J-SOX). FIEA (J-SOX) was introduced 2006 by the Internal Control Committee of the Business Accounting Council of the Japanese Financial Services Agency (FSA). This regulation is aimed at protecting shareholders and the general public from accounting errors and fraudulent practices in the enterprise.

Sarbanes Oxley Compliance Software – Germany – DCGK

Germany’s related regulation is DCGK. The aim of the German Corporate Governance Code (Deutscher Corporate Governance Kodex – DCGK) is to make Germany’s corporate governance rules transparent for both national and international investors, thus strengthening confidence in the management of German corporations.

Sarbanes Oxley Compliance Software – The Netherlands – Code-Tabaksblat

The Netherlands’s related regulation is Code-Tabaksblat. According to the Dutch corporate governance code (the Tabaksblat Code) listed companies should indicate in their annual report to what extent they have complied with its principles and best practice provisions (“the apply or explain principle”).

Sarbanes Oxley Compliance Software – Australia – CLERP 9

Australia’s related regulation is CLERP 9. The Corporate Law Economic Reform Program (Audit Reform and Corporate Disclosure) Act (also known as CLERP 9) is maintained by the Australian Securities and Investments Commission (ASIC), since its inception in 2004.

Sarbanes Oxley Compliance Software – France – Loi de Securite Financiere (LSF)

France’s related regulation is Loi de Securite Financiere (LSF). The Financial Security Law of France was adopted by the French Parliament in 2003. The law aims to strengthen the legal provisions relating to corporate governance.

Sarbanes Oxley Compliance Software – Italy – Law 262/2005

Italy’s related regulation is Law 262/2005. L262/2005 is the Italian equivalent of Sarbanes-Oxley Act for financial services institutions.

Sarbanes Oxley Compliance Software – South Africa – King Report

South Africa’s related regulation is King Report. The King Report on Corporate Governance was issued by the King Committee on Corporate Governance. Three reports were issued in 1994 (King I), 2002 (King II), and 2009 (King III). Compliance with the King Reports is a requirement for companies listed on the Johannesburg Stock Exchange.

Sarbanes Oxley Compliance Software – India – Clause 49

India’s related regulation is Clause 49. The Clause 49 regulation was introduced 2005 by the the National Stock Exchange (NSE) of India. The regulation is aimed at improving corporate governance norms, hence assuring that a company is governed in the best interest of all stakeholders.

Sarbanes Oxley Compliance Software – USA – Annual Financial Reporting Model Regulation (Model Audit Rule)

USA’s related regulation is Annual Financial Reporting Model Regulation (Model Audit Rule). The Annual Financial Reporting Model Regulation was introduced by USA National Association of Insurance Commissioners (NAIC). The regulation applies to all insurers and aims at improving the Insurance Department’s surveillance of the financial condition of insurers.

Related Regulations and Frameworks

Several other regulations and frameworks are related to SOX. These regulations/frameworks share great similarity with the original SOX requirements, thereby making it possible to apply a common approach and methodology. ProcessGene™ Multi-Org technology enables the provision of a targeted, specific software solution to any of these regulations and frameworks, hence providing the most adequate framework to global, multi-subsidiary organizations.

SAS70

A related regulation to SOX is SAS70. The SAS70 regulation was introduced 1993 by the Auditing Standards Board of the American Institute of Certified Public Accountants. The regulation is aimed at providing guidance to service auditors when assessing the internal control of a service organization and issuing a service auditor report.