The Sarbanes-Oxley Act will hold CEO's and CFO's of publicly traded companies responsible for the security and accuracy of certain financial information.

Sarbanes-Oxley Act

The Sarbanes-Oxley Act developed in the wake of the Enron and Global Crossing scandals to hold executive-level personnel accountable for the statements about their company health they sign.

Implications of the Sarbanes-Oxley Act

Just as the financial services industry has made huge strides to better secure confidential client data under the Gramm-Leach-Bliley Laws, it is expected that upper management across the U.S. will be extra vigilant in ensuring certain security parameters will be in place to monitor document integrity, check physical security during financial audits and secure sensitive data crossing networks.

Many more restrictions under this act are expected by the beginning of 2004, when regulators will more clearly outline specific steps to compliance for upper management of publicly traded companies under this act.

Leading Change, Inc. expects an increased demand to one very popular service, the Environmental Audit, as it is an excellent first step in preparation for this new regulation.

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