Complying with the Sarbanes-Oxley is necessary for all businesses. However, at times, finding old documents and keeping track of confidential material gets confusing and tedious. With xifax Internet Fax, you will never again be forced to dig through loose papers.

Users of xifax Internet Fax are able to prove reports and statements easily, as a replica of all faxed material is created for the sender to keep. Because this information is so easily accessible via a folder in the user’s inbox, there will never be any question as to the authenticity of the documents. This makes an easy efficient system in which the user can supply the necessary information at the push of a button. Never again search through old binders and folders. Keeping an electronic copy makes complying with Sarbanes-Oxley simple.

The sections of the Sarbanes-Oxley Act that are most relevant to IT professionals are as follows:

Section 302: Corporate Responsibility for Financial Reports
Public company officers must certify the reliability of quarterly and annual financial statements, and must state that the company has established and maintained internal controls to ensure timely and accurate disclosure, highlighting any weakness in those controls.

Section 404: Management Assessment of Internal Controls
Public companies must annually review and report on the effectiveness of their internal controls over financial reporting. The independent company auditor must also attest to, and report on, the accuracy of the report.

Section 409: Real Time Issuer Disclosures
Public companies must be aware of, and declare, charges in their financial condition or operations within 48 hours of material events.

Section 802 & 1102
Public companies can be charged with criminal penalties for altering or destroying documents relating to financial reports.

xifax is compliant with all sections of the Sarbanes-Oxley act.