The functionality of the Risk Management module is based on corporate governance rules set forth in the Sarbanes-Oxley Act (SOX), aimed at the reorganization of internal and external procedures.
The module is developed taking into account the requirements of Section 404 of SOX, which requires an annual assessment of control mechanisms and internal procedures for issuing financial statements to the SEC (Securities and Exchange Commission). It also ensured compliance with the guidelines of the internal control structure formulated by the committee of the sponsoring organizations of the Treadway-COSO commission.
The module manages the operational procedures associated with risk, which are taken into account when making decisions regarding the internal and external needs of the company on the basis of monitoring specified variables.
The module can be used separately, regardless of SOX legislation (by companies that are not subject to such legislation).Return to functionality map ▶