Security

摘要

Regulatory compliance is a huge factor driving the adoption of data governance tools. But the regulations themselves (and associated requirements and penalties) exist to encourage organizations to keep financial information accurate and private information away from prying eyes. Corporate financial fraud (typically, misrepresentations of balance sheet figures by executive management) has dominated business headlines in the last seven years. The Sarbanes-Oxley Act, which requires every public company to adhere to strict financial procedures, was passed to address this kind of fraud. Sarbanes-Oxley holds executive officers responsible for any fiscal errors. Executive officers must sign off on all financial reports and face stiff consequences (large monetary fines and imprisonment) if irregularities occur. As a result, many companies now have corporate auditors who review all updates made to financial data to ensure integrity. Nobody wants their CEO to go to prison.