Sarbanes Oxley Jobs

Regulatory Project Manager – Contract Image

The Sarbanes Oxley Act 2002, or SOX, was introduced by the United States Congress in the wake of the high-profile collapse of US corporate giants WorldCom and Enron. The act was in response to both companies overstating their profits.

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The SOX Act, named after its principal architects Senator Paul Sarbanes and Representative Michael Oxley, introduced significant changes to the regulation of corporate financial practices and governance for organisations in the US.

Although it is a US law, there are some jobs in Ireland which require an understanding of the Sarbanes Oxley Act. With business systems between legal entities becoming increasingly connected online, IT systems will need to follow Sarbanes Oxley compliance rules to ensure transparent audit and reporting. If the business is a subsidiary of a US-listed company but based in another country, such as Ireland, it will need to adopt Sarbanes Oxley compliance.