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What Types Of Information Must Be Protected By Internal Controls According To Sarbanes-oxley?

Answer»

Information should be CONSIDERED nonpublic if it isn't widely disseminated to the general public, including electronic information. Unauthorized DISCLOSURE of nonpublic DATA is a violation of federal securities laws. This information should be protected, but it should also be monitored to ensure it isn't disclosed inappropriately.

Section 404 DESCRIBES management's responsibility for building internal controls around the safeguarding of assets related to the timely detection of unauthorized acquisition, use or disposition of an entity's assets that could have a material effect on the financial statements. You need to demonstrate that you have the capabilities to monitor, detect and record electronic information disclosures.

Information should be considered nonpublic if it isn't widely disseminated to the general public, including electronic information. Unauthorized disclosure of nonpublic data is a violation of federal securities laws. This information should be protected, but it should also be monitored to ensure it isn't disclosed inappropriately.

Section 404 describes management's responsibility for building internal controls around the safeguarding of assets related to the timely detection of unauthorized acquisition, use or disposition of an entity's assets that could have a material effect on the financial statements. You need to demonstrate that you have the capabilities to monitor, detect and record electronic information disclosures.



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