If you are buying, designing, or implementing a computer software system that will deal with financial information for a publicly traded company, it is essential that you are aware of, and strictly comply with, the Sarbanes -Oxley Act of 2002. Sarbanes-Oxley is a federal law that requires publicly traded companies to keep readily accessible copies of every financial or accounting document available.
How Sarbanes-Oxley Affects Computers Software Implementation
The Sarbanes-Oxley Act of 2002 covers computer software systems in which financial and accounting information are stored. A major provision of Sarbanes-Oxley is that companies may not dispose of, or alter, financial information. This means that a computer software system will now have to preserve financial documentation and information.