The Sarbanes-Oxley Act of 2002 “Pub.L. 107-204, 116 Stat. 745” also known as the Public Company Accounting Reform and Investor Protection Act of 2002 and commonly called Sarbanes-Oxley, Sarbox or SOX.Was signed it into law on July 30, 2002 by President George W. Bush in order to create reform because of massive corporate and financial scandals like Enron, Tyco, WorldCom and many others
Fast forward to the Economic Perfect Storm of 2009 and you can expect that SOX will be getting much larger and becoming more strictly enforced by the Federal Government. Every US public company is required by law to be in compliance with the Sarbanes-Oxley Act of 2002. At Giga Vault Storage we help you meet your SOX compliance standards within the following key areas of the law.
SOX Requirement AUDITING, QUALITY CONTROL, AND ETHICS STANDARDS “Record Retention” Section 103(a)(2)(A)(i) prepare, and maintain for a period of not less than 7 years, audit work papers, and other information related to any audit report, in sufficient detail to support the conclusions reached in such report
At Giga Vault Storage our state of the art configuration guarantees redundant storage of all your electronic documents. Our customizable backup software allows you to specify the amount of time a particular backup job will be stored on our servers, while our certified auditing protocol creates real time reports available from any web browser.
SOX Requirement “Testimony and Document Production” Section 105(b)(2)(B) require the production of audit work papers and any other document or information in the possession of a registered public accounting firm or any associated person thereof, wherever domiciled, that the Board considers relevant or material to the investigation, and may inspect the books and records of such firm or associated person to verify the accuracy of any documents or information supplied.
At Giga Vault Storage you have On Demand access to any file that you chose to back up. These files are accessible 24/7/365 from anywhere in the world as long as you have a computer and an Internet connection. It does not matter if the file was backed up yesterday or decades ago. Our intuitive interface allows for quick, seamless, and reliable retrieval of any file you have backed up with us. You decide how long a file will be stored on our system, as well as how many versions of the file you would like. Our solution provides proven preeminent disaster recovery and protection from theft and loss, which far exceeds the capabilities of tape systems in speed of access and ease of use.
SOX Requirement “Complaints” Section 301(4)(A) the receipt, retention, and treatment of complaints received by the issuer regarding accounting, internal accounting controls, or auditing matters.
At Giga Vault Storage our solution covers all of your data types, ensuring that all relevant records on your file and database servers are backed up. Unlike our competitors, our solution also includes your e-mail files as part of the original solution and is not sold to you as an ancillary offering. Giga Vault Storage will ensure that all of your relevant data from any source –file server, database, email and etc- is backed up quickly, effortlessly, and automatically.
SOX Requirement “MANAGEMENT ASSESSMENT OF INTERNAL CONTROLS” Section 404(a)(1) state the responsibility of management for establishing and maintaining an adequate internal control structure and procedures for financial reporting
At Giga Vault Storage our world class auditing protocols and security features give you the confidence to be able to certify the accuracy and integrity of any data retrieved from our system. Our solution is a cornerstone of your contingency plan for incorporating your data backup protocols into your disaster recovery plan which will guarantee business continuity in case of natural disaster, fire, theft, vandalism etc.
SOX Requirement “Destruction, alteration, or falsification of records in Federal investigations and bankruptcy” Section 802(a) 1519 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
At Giga Vault Storage the data you choose to back-up is stored redundantly in each of our high security, world class data centers. They are geographically separated by more than 2,500 miles (military regulation). This redundant storage gives you a total of four copies of each file (and version) all stored disk-to-disk in each data center. All of these featues are included in the monthly cost. When you assign a retention length to a particular backup job or file it can not be changed or destroyed, thus guaranteeing your data integrity.