Sarbanes-Oxley is the most sweeping legislation to affect publicly traded companies since the reforms during the Great Depression. CIOs should follow Gartner’s four-phase approach to meet compliance requirements. The law is designed to reduce fraud and conflicts of interests, while increasing financial transparency and public confidence in the markets. The goal of section 409 is to protect investors from delayed reporting of material events, increasing their losses. The SEC has not defined “real enterprise information process time” from an “real time””]
Source: https://www.csoonline.com/article/2116996/how-cios-should-prepare-for-sarbanes-oxley.html