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White Paper: Protecting Financial Information: Sarbanes-Oxley by Cyber-Ark Software, Ltd.

White Paper: Protecting Financial Information: Sarbanes-Oxley by Cyber-Ark Software, Ltd.

by Rick Turoczy on November 2, 2004

Undoubtedly, The Public Company Accounting Reform and Investor Protection Act of 2002, also known as the Sarbanes-Oxley Act, is having a major impact on corporate culture and various operational aspects of companies subject to Sarbanes-Oxley. Sarbanes-Oxley legislates a far reaching framework to be used as the basis for ensuring the integrity and accuracy of public company financial statements. Boards of directors and executive management, the actual sponsors of a company’s Sarbanes-Oxley initiatives, now have a vested interest in the integrity and transparency of the financial process leading to financial statement accuracy due to stiff civil and criminal penalties for non-compliance to Sarbanes-Oxley. In the end, public companies and the accounting profession will now have to answer to the higher demand of accuracy, reliability and fairness in the financial statements that provide the basis for trust in the financial markets.

As a result, companies subject to Sarbanes-Oxley face unprecedented challenges to compliance. Compliance with Sarbanes-Oxley involves more than implementing technology. This paper, “Protecting Financial Information: Sarbanes-Oxley,” is an independently authored white paper that addresses some of the challenges companies face in protecting critical Sarbanes Oxley related information and suggests some internal assessment frameworks to consider on the road to compliance with Sarbanes-Oxley. It also introduces Cyber-Ark Software’s Network Vault as a solution that fits well into these frameworks and that can assist in protecting Sarbanes-Oxley related information.

White Paper: Protecting Financial Information: Sarbanes-Oxley by Cyber-Ark Software, Ltd.

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