Testing information systems for SOX compliance

SOX 404 -Internal control over financial reporting The Sarbanes-Oxley Act prescribes more stringent obligations on company managements to ensure that they provide complete and accurate information in quarterly and annual reports by continuously reporting on the functional capability of the internal monitoring system in the context of periodic company reporting. Sarbanes- Oxley is relevant to German companies listed in the USA. This results in more stringent requirements for companies regarding the organization of their internal monitoring systems.