Sarbanes-Oxley | BeechTek solutions for sarbanes oxley | sarbanes oxley act

How BeechTek can help

BeechTek can assist with storing data at highly secure, on or off-site locations.

Utilizing disk-to-disk to tape backup and retrieval, avoiding the hassles of stand alone backup tapes.
Offering specialized solutions for servers, storage arrays, disaster recovery, data recovery, highly secure and very high ROI Database solutions and much more! We even offer SPAM protection for email, Blackberry and free safeguards for your instant messages!

BeechTek's technologies, services and equipment can help organizations address these SOX rules below:

The Sarbanes-Oxley (SOX) Act of 2002 legislates how long and the manner in which companies store their financial records. Created largely in response to the Enron and WorldCom scandals, SOX is designed to safeguard against accounting errors and other illegal financial activities. SOX specifically states that electronic records and messages (email/IM) must be saved for at least five years to ensure that auditors and other regulators can easily obtain requested documents.

Destruction, alteration, or falsification of records
Sec. 802(a) "Whoever knowingly alters, destroys, mutilates, conceals, covers up, falsifies, or makes a false entry in any record, document, or tangible object with the intent to impede, obstruct, or influence the investigation or proper administration of any matter within the jurisdiction of any department or agency of the United States or any case filed under title 11, or in relation to or contemplation of any such matter or case, shall be fined under this title, imprisoned not more than 20 years, or both."

The required retention period for storage
Sec. 802(a)(1) "Any accountant who conducts an audit of an issuer of securities to which section 10A(a) of the Securities Exchange Act of 1934 (15 U.S.C 78j-1(a)) applies, shall maintain all audit or review work papers for a period of 5 years from the end of the fiscal period in which the audit or review was concluded.

The type of business records and electronic communications requiring storage
Sec. 802(a)(2) "The Securities and Exchange Commission shall promulgate, within 180 days, such rules and regulations, as are reasonably necessary, relating to the retention of relevant records such as work papers, documents that form the basis of an audit or review, memoranda, correspondence, communications, other documents, and records (including electronic records) which are created, sent, or received in connection with an audit or review and contain conclusions, opinions, analyses, or financial data relating to such an audit or review."

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