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Patersons receives SOX accreditation

Feb 15, 2008 

Global HR & payroll software and services company Patersons, has gained Type II SAS 70 compliance, an audit performed to meet the requirements of the Sarbanes-Oxley Act (SOX) on corporate governance.
Patersons has integrated the requirements of ISO9001-2000 into its controls for SAS 70. Assurance of controls is provided by two external bodies every six months. The audit focuses on organisation-wide internal control procedures, auditing, reporting, records management and IT systems.
The Sarbanes-Oxley Act is US legislation that imposes stringent rules, backed by criminal sanctions, on financial record-keeping. It followed the Enron scandal in the early 2000s. Many employers seek to be SOX-compliant even if they do not work directly in the US.

Article published in Payroll World January 2008.


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