The Sarbanes-Oxley Act (SOX) is a United States federal law created to help protect shareholders, employees, and the public from accounting errors and fraudulent financial practices. It requires top management in publicly-traded companies to individually certify the accuracy of financial reporting and to establish adequate internal controls over financial data.
In the context of CMMS, SOX compliance means that financial data related to maintenance – such as labor costs, parts usage, and capital expenditures – must be accurate, reliable and auditable. CMMS systems used in SOX-regulated environments must support data integrity, change tracking, and access control to meet these requirements.
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