SARBANES-OXLEY ACT OF 2002
[Public Law 107–204, Approved July 30, 2002, 116 Stat. 745]
[As Amended Through P.L. 112–106, Enacted April 05, 2012]
Sarbanes Oxley imposes various data protection, privacy and security testing requirements on all companies that must adhere to it. Holistic visibility and inventory of digital assets, web and mobile application security are an indispensable part of Sarbanes Oxley compliance process:
SEC. 404. [15 U.S.C. 262] MANAGEMENT ASSESSMENT OF INTERNAL CONTROLS
(a) RULES REQUIRED — The Commission shall prescribe rules requiring each annual report required by section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)) to contain an internal control report, which shall— (1) state the responsibility of management for establishing and maintaining an adequate internal control structure and procedures for financial reporting; and (2) contain an assessment, as of the end of the most recent fiscal year of the issuer, of the effectiveness of the internal control structure and procedures of the issuer for financial reporting.
(b) INTERNAL CONTROL EVALUATION AND REPORTING—With respect to the internal control assessment required by subsection (a), each registered public accounting firm that prepares or issues the audit report for the issuer, other than an issuer that is an emerging growth company (as defined in section 3 of the Securities Ex-change Act of 1934), shall attest to, and report on, the assessment made by the management of the issuer. An attestation made under this subsection shall be made in accordance with standards for at-testation engagements issued or adopted by the Board. Any such attestation shall not be the subject of a separate engagement.