Understanding risks when implementing security and controls for SOX applications

Venkata, Sujan Kumar Seethamsetty (2025) Understanding risks when implementing security and controls for SOX applications. World Journal of Advanced Engineering Technology and Sciences, 15 (2). pp. 1048-1056. ISSN 2582-8266

This article explores the multifaceted risk landscape organizations face when implementing security and controls for Sarbanes-Oxley (SOX) compliance. Drawing on industry research and case studies, it examines the operational, financial, compliance, and technology risks that emerge during SOX implementation initiatives. The article identifies critical vulnerabilities in access controls, data integrity, process inefficiencies, and monitoring mechanisms that can undermine compliance efforts. It outlines structured approaches to risk mitigation through assessment frameworks, control prioritization, continuous monitoring, and technical implementations. Additionally, the article emphasizes the importance of cross-functional collaboration between IT, audit, management, and business process owners to achieve sustainable compliance. Through real-world case studies, it contrasts a manufacturing company's problematic implementation with a financial services firm's successful approach, extracting valuable lessons for organizations navigating similar compliance challenges. The comprehensive article provides a roadmap for transforming SOX compliance from a regulatory burden into a strategic advantage that enhances overall security posture while meeting regulatory requirements.