Sarbanes Oxley (SOX) is a set of requirements that all U.S. public company boards, management and public accounting firms must adhere to. Understanding this piece of lengthy legislation and what it means for your electronic recycling requirements services is essential. e-End makes sure that all of our services meet these standards, so you don’t have to worry! There are numerous ways that this regulation impacts the e-Waste service process.
What Does It Mean To Be SOX Compliant?
The Sarbanes-Oxley Act of 2002 is a complex piece of legislation that requires companies to perform proper recordkeeping and financial reporting. While the law itself is incredibly lengthy, it is used to ensure proper e-Waste services when destroying and recycling certain equipment and material that may contain sensitive information.
SOX Compliant e-Waste Services
There are a variety of services that we offer at e-End that must meet the requirements of SOX. Here is an explanation of those services.
Asset Disposition
There are a variety of tactics used to refurbish and reuse qualifying equipment. It may feel daunting to know which service is the best for you. No matter which option is chosen, e-End will make sure that it follows proper protocol and that your business remains in compliance.
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Secure Data Destruction
All data should be kept secure, but financial and recordkeeping data can be especially important simply because of the level of information it may provide about a person or company. Before we begin any data destruction, we will ensure that our process follows SOX requirements.
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Degaussing
Degaussing is the process of sanitizing all magnetic storage media. Such media may contain data regarding financial or recordkeeping data. It is critical to make sure that the information removed is properly stored elsewhere if it is required to do so under the SOX Act.
Electronics Recycling
Recycling electronics is an environmentally-friendly option. However, if there is financial data or recordkeeping stored within the equipment, then you’ll want to be sure that the information is properly destroyed and/or stored elsewhere if required by legislation.
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Hard Drive Shredding
You can’t simply delete financial information from IT equipment and assume that it is forever gone. Instead, you must rely on hard drive degaussing or shredding to make sure that it is completely destroyed. Keep in mind that under the SOX act, financial information can’t be destroyed if it impedes an ongoing investigation.
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Speak To The Professional e-Waste Specialists
Compliance is critical. Failure to do so could mean costly fines and even additional legal trouble. However, you don’t have to go through this alone! Protect your business and your peace of mind with our services. At e-End, we want all of our clients to know that we have done the groundwork to ensure our services will help you remain compliant with federal regulation. Contact us to learn more by giving us a call at 240.713.5855 or get a quote online today.
