The effects of Sarbanes Oxley Act and time records

Records must be kept for at least five years and their methods must follow the same guidelines that are set for public accountants.

In addition, the Sarbanes Oxley Act specifies which records or types of record must be kept, such as electronic and non-electronic communications, financial data, audits or reviews containing an analysis of the company's progress, executive opinions, memoranda, and correspondences.


Some highlights under the Sarbanes Oxley Act defines which records are to be stored and for how long. These regulations affect the IT departments of corporations specifically. The IT departments are responsible for storing a company's business records. Highlights of the Sarbanes Oxley Act include issues dealing with the destruction, alteration, or falsification of these records.