Is your business affected by the Sarbanes-Oxley Act?

PRLog (Press Release) – Aug 10, 2008 – The Sarbanes-Oxley Act was passed in 2002, in the wake of one of the Enron saga, one of the largest financial scandals ever. This, and other alleged financial irregularities in some of America’s largest corporations, led the Government to call for businesses to have a greater transparency and accountability for their financial dealings.

The affects of this legislation are wide reaching and affect many businesses here in the U.K. Under Section 404 of the Act, any business with a listing on the NASDAQ or New York Stock must include a statement with all financial reports to confirm that the company has measures to ensure that records of all transactions are accurate.

As a result of this, businesses should monitor frequently all of their email communications in order to prevent any potential mis-dealings and malpractice.

One of the most effective ways of doing this is by using Microsoft Exchange Server 2007 with its built in security and archiving features, exchange can help businesses to ensure that they are fully in compliance with the Sarbanes-Oxley Act and other relevant Government and industry sector guidelines.

Genesis Communications are one of the leading providers of Exchange hosting, a spokesperson had this to say: “The Sarbanes-Oxley Act is just one of a number of legislations which businesses should be aware of. It is likely that, over time, the pressure on businesses to be accountable for their email communication will increase. For this reason, it is sensible to think about exchange hosting as a long-term solution.”