Sarbanes-Oxley (SOX)
The Sarbanes-Oxley (SOX) Act of 2002 was established as a result of the accounting scandals mainly at Enron and WorldCom that were revealed in 2001. These scandals resulted in billion dollar losses for investors and employees, and the trust from financial markets and general investors was severely damaged. The SOX Act was developed to protect the shareholders and the general public from fraudulent practices and accounting errors in companies.
Workbench and SOX
Workbench provides secure, complete and un-editable audit trail for all changes in documents, i.e. what was changed, who did it and when.Workbench will securely retain records in accordance to company policy. The retention period can be set differently for different types of documents.
Workbench will securely store all types of documents and will make sure that access to documents is strictly controlled, not only for viewing, but for access to edit and modification of metadata.