COVID-19 Recovery in Latin America and the Caribbean: A Partnership Strategy for the Biden Administration In-Depth Research & Reports by Jason Marczak and Cristina Guevara
Foreword
From Mexico City to Manaus, the COVID-19 pandemic has ravaged communities throughout Latin America and the Caribbean. In March 2020, families in Guayaquil searched for coffins to bury their loved ones. In April and May, Venezuelans who had fled the Maduro dictatorship were forced to return home after having lost their jobs in neighboring countries. As someone who has spent fifteen years in Congress advocating for the United States to work more closely with our friends in Latin America and the Caribbean, I was deeply saddened as this region became an epicenter of the COVID-19 pandemic.
Sarbanes-Oxley Act (Sarbox, SOX)
Purpose: Enacted in 2002, the Sarbanes-Oxley Act is designed to protect investors and the public by increasing the accuracy and reliability of corporate disclosures. It was enacted after the high-profile Enron and WorldCom financial scandals of the early 2000s. It is administered by the Securities and Exchange Commission, which publishes SOX rules and requirements defining audit requirements and the records businesses should store and for how long.
To whom it applies: US public company boards, management and public accounting firms.
Key points for CISOs: SOX places requirements around maintaining integrity and availability of financial data, and controls for who has access to that data. Specific rules need to be in place for: