What is SOX Section 409?
SOX Section 409 of the Sarbanes-Oxley (SOX) Act outlines that enterprises have a responsibility to disclose to the public additional information concerning material changes in the financial condition or operations of the issue, in plain English.
Real-time issue disclosures can be supported by qualitative information and graphical presentations to help the public understand the situation better. The core intent behind this Section 409 is for organizations to stay transparent for the public and investors. Information on financial conditions must be in clear terms so that it can be easily understood by the reader. For support and additional information, explore our automated SOX compliance solution.