Follow us

Unlocking SOX Compliance: Navigating Business Challenges with Continuous Controls Monitoring

What is SOX?

The Sarbanes-Oxley Act of 2002, is a U.S. federal law that was a response to several corporate financial scandals that occurred in the early 2000’s.

The primary objective of SOX is to ensure that investors and the public are protected by financial institutions having to ensure there is accuracy and reliability of any disclosures a corporation makes.  SOX insists on stringent financial reporting and disclosure requirements for publicly traded companies and imposes severe penalties for non-compliance.

Is SOX relevant to UK enterprises? If so, why?

SOX compliance is not mandatory for those of us in the UK or working in non-US companies, however, there can be indirect implications if, as a UK company, you have any business operations or subsidiaries in the US or if your company is listed on the UK stock market. If this is the case, then you will almost certainly have to comply with SOX.

Also, if you conduct business in the US, it is imperative that you adhere to SOX as it is a US law that extends to foreign companies; if your organisation has significant operations in the US you may need to implement internal controls, undergo external audits and meet other compliance requirements outlined in SOX.

Breaking SOX down – what are the compliance requirements?

SOX stipulates that there is clear accountability within an organisation with regards to any financial transactions for the protection of any investors. So it clearly outlines what must be adhered to by law and is broken down as such:

Corporate Governance: independent audit committees composed of board members with no financial ties to the company is a key SOX requirement. This means there is clarity and transparency of all corporate governance.

Financial Disclosures and Internal Controls: Accurate and timely financial statements must be provided by all public companies. Additionally, they are required to establish and maintain internal controls and procedures for financial reporting to ensure the accuracy of their financial statements.

CEO and CFO Certification: The CEO and CFO of a public company must personally certify the accuracy of their company’s financial statements and disclosure controls and procedures.

Auditor Independence: The act restricts the types of non-audit services that auditors can provide to their clients to ensure their independence.

Whistleblower Protection: SOX includes provisions to protect whistleblowers who report corporate fraud or other violations of securities laws.

Criminal and Civil Penalties: SOX imposes severe penalties, including fines and imprisonment, for executives who engage in fraud or fail to comply with the law.

SOX compliance is particularly important for publicly traded companies listed on U.S. stock exchanges. It enhances transparency, accountability, and the integrity of financial reporting, ultimately aiming to restore investor confidence in the wake of corporate scandals. Companies subject to SOX must undergo regular audits and their financial and internal control systems are scrutinised to ensure compliance with the law.

What are the challenges that businesses face with SOX compliance?

Compliance efforts often involve significant resources, both in terms of time and costs, but they contribute to a more robust and trustworthy financial reporting environment.

Most organisations would be told that with robust planning and implementation of robust controls engaging the entire business into a culture of compliance would result in successful implementation of SOX. However, that is easier said than done and many can be faced with insurmountable challenges when needing to comply with SOX or be fined.

Common challenges involve:

The complexity & ambiguity: SOX is complex. It is as simple as that, and its requirements can be interpreted in so many ways which can in turn lead to confusion about what controls are appropriate and what documentation is needed for compliance.

The Cost: SOX is expensive, particularly for SME’s, however most transitions can struggle to allocate the correct resource for internal controls, documentation and any subsequent audits.

The resource: What is the exact resource for SOX? This is a challenging question and businesses need to balance the cost and benefits of compliance whilst also diminishing any impact on their operational efficiency.

Continuous Monitoring: Monitoring consistently and continuously is a real challenge for SOX compliant businesses. Ongoing monitoring to ensure the effectiveness of controls and that organisations are accurately identifying any deficiencies promptly and addressing them can only be achieved if continuous monitoring can be implemented.

Data is King: SOX requires that a critical comportment of compliance is ensuring the security of data and IT systems is at the forefront of all organisations. Protection of sensitive financial data is imperative, however, maintaining IT controls that are robust is no easy task!

Documentation: Thorough documentation of financial controls and processes are also a core requirement. Failure to keep up to date records will result in severe compliance issues, however this is exceedingly time consuming.

Change & Vendor management: Two very large areas of concern in SOX compliance centre on managing change within an organisation and managing vendors. These are exceedingly complex areas to navigate for SOX as internally businesses need to manage change in processes and systems, impacting internal controls, and then add to that they also have to manage the compliance of their vendors! This is a huge area of concern for a business attempting to remain compliant with SOX. Unintentional non-compliance can so easily happen either within the organisation for lack of awareness/training or proper implementation, as well as attempting to manage 3rd party vendors.

SOX can change: Any regulatory landscape is subject to change so staying on top of SOX requirements, or in fact any other regulatory compliance, is exhausting!

How does the implementation of Continuous Controls Monitoring contribute to assisting businesses in achieving SOX compliance?

SOX compliance can be aligned to Continuous Controls Monitoring to support continuous adherence to the law.

Directly relating it back to the SOX requirement, CCM can ensure consistency, clarity and continuous improvement with SOX compliance.

SOX Regulation Continuous Controls Monitoring
Securely protect data: protect manage and store financial data securely Our Continuous Controls Monitoring Platform connects to any data within an organisation meaning that there is holistic visibility to all data providing management and auditors with a comprehensive and real-time view of the effectiveness of internal controls. This enhanced visibility enables proactive management of risks and facilitates timely reporting to stakeholders.
Enhance reporting processes: Section 494 of SOX requires businesses to provide annual disclosures and quarterly updates to shareholders and to the Securities & Exchange Commission (SEC) Receive robust documentation capabilities with CCM, customised to the view your organisation needs to see. This documentation is valuable during internal and external audits, demonstrating that controls are consistently in place and effective.
Protect from disaster: Electronically protect files from unauthorised access but also from loss, theft & natural disasters. Our CCM Platform can continuously analyse financial data and transactional activities. Any unusual patterns or anomalies can be detected promptly, allowing organisations to investigate and address potential issues before they escalate.
Maintain Audit trails: Track user activity & demonstrate the accuracy & effectiveness of processes CCM generates detailed audit trails, documenting changes, user activities and system events. This audit trail can serve as evidence of compliance and support the auditing process by providing a transparent record of control activities.
Control over financial anomalies: tight control over financial activities or subject to a 5 million dollars fine or prison for 20 years Real time monitoring of key controls enabling quick identification and remediation of control failures or issues, reducing the likelihood of financial misstatements or fraudulent activities going unnoticed.

Our platform also automates the testing of controls, reducing the reliance on manual testing processes. Automated testing is more efficient and accurate, minimising the risk of human error in the evaluation of control effectiveness.

Improve Data Accuracy: Eliminate manual processes Our platform ensures the integrity of financial data by validating and reconciling information automatically. This helps in maintaining accurate financial records and reducing the risk of errors or manipulation.


Ultimately, by implementing Continuous Controls Monitoring and aligning the platform to SOX, your organisation is able to manage risk better. Organisations can identify and address risks in a proactive manner, helping prevent financial misstatements, fraud, or other compliance issues, ultimately contributing to better risk management. Also, the platform is scalable and can adapt to the changing business environment. As organisations grow or undergo changes, CCM can be adjusted to accommodate new processes and controls, ensuring ongoing compliance.

Need help with SOX compliance? Take a look at our Continuous Controls Monitoring Platform here.






Quod Orbis becomes part of Dedagroup to fuel global growth

  London, UK. 18th June – Quod Orbis, the London-based cyber security Continuous Controls Monitoring (CCM) firm, has today announced it has been acquired by Dedagroup, one of the leading Italian IT players, to power the next phase of its global growth strategy. Dedagroup is a private independent group, based

Find out more

Contact Us

To find out more about cyber security and Continuous Controls Monitoring, please complete the form below with a short message and we’ll get right back to you. Alternatively, you can book a meeting directly.

2nd & 3rd Floor,
2 Burgon Street,
City Of London,


Atyaf eSolutions is a technology solutions provider specialising in offering a broad range of digital services and products. Founded with a vision to deliver innovative and efficient technology solutions, Atyaf eSolutions focuses on helping businesses and organisations achieve their digital transformation goals.

Atyaf eSolutions is known for its customer-centric approach, aiming to deliver high-quality, reliable, and cost-effective solutions. The company leverages the latest technologies and methodologies to ensure that its clients stay ahead in the competitive digital landscape. With a team of skilled professionals, Atyaf eSolutions is committed to driving digital innovation and supporting businesses in their growth and success.

Gieom designs and builds software that enables customers to manage their policies and standard operating procedures, simplify digital identity verification processes, mitigate risks, and enable effective implementation of operational resilience frameworks.

DORA 360 is the latest innovation from Gieom, an award-winning enterprise productivity company trusted by 100+ financial institutions across the globe.

YASH Technologies is a customer-centric transformational global IT solutions and services partner. They have a proven track record in delivering battle-tested consulting, technology, and outsourcing services to address our clients’ evolving and complex digital transformation challenges. They harness business-centric, innovative frameworks and solutions to help clients achieve unprecedented performance levels and revenue growth at optimised costs.

Deda is a renowned player in the global IT and digital services market, known for its innovative solutions and deep industry expertise. With a strong commitment to driving digital transformation, Deda leverages cutting-edge technologies to deliver customised, scalable solutions that address the unique challenges of businesses across various sectors. Their comprehensive portfolio includes software development, IT consulting, cyber security, and data analytics services, all designed to enhance operational efficiency and foster sustainable growth. Through a combination of strategic partnerships and a customer-centric approach, Deda continually empowers organisations to achieve their digital ambitions and stay ahead in an ever-evolving technological landscape.

Amazon Web Services (AWS) is a comprehensive and widely adopted cloud platform, offering over 200 fully featured services from data centers globally. AWS provides a broad set of infrastructure services, such as computing power, storage options, and networking, as well as higher-level services like artificial intelligence (AI), machine learning (ML), data analytics, and Internet of Things (IoT). AWS helps businesses scale and grow by providing the infrastructure and tools needed to innovate faster, reduce costs, and run applications with higher reliability.

PwC stands as a global leader in professional services, offering deep expertise in audit and assurance, consulting, and tax. With a presence in over 157 countries and a dedicated workforce of more than 284,000 professionals, PwC combines comprehensive industry knowledge with advanced technology to assist organisations in addressing their most complex challenges. Their risk management technology helps navigate the various phases of the risk management lifecycle so your business can stay ahead of threats.

Connecting your business to the best technology providers.  Behind Every Cloud are expert, independent trusted advisors who can help you cut through the noise and hype to quickly provide you with intelligent, market informed, fact-based vendor comparison services across a wide range of technology solutions.  Established in 2010, our unique approach and expert advice accelerates the speed and success of technology modernisation projects. We have access to a highly experienced network of vendors and are valued by our clients as an Independent Trusted Advisor.
We provide straight-talking, no-nonsense advice, to help you make the best buying decisions, and as one of the UK’s first specialist cloud adoption “referral consultancies”, we don’t charge clients for our advice.

Opentech is an IT services company, with an important history and significant experience in delivering management tools for company internal control systems (Compliance, Risk Management, Internal Auditing, etc.).

The company, established in 2003, operates in the development and distribution of software application products, with a particular focus on the Integrated Control System based on the OCEG (Open Compliance & Ethics Group) model.

Opentech is ISO 9001 and 27001 certified with extension to the 27017 and 27018 guidelines for software development, training and consultancy.

Opentech has created the GO GRC 2.0 Suite, a suite of integrated and independent software application solutions, owned by Opentech, designed entirely by our company specialists, with a consistent design based on the OCEG logical model, recognized as the Standard GRC.

The GO GRC 2.0 platform has been qualified by the National Cybersecurity Agency in the Italian Cloud Marketplace.

GO GRC 2.0 also covers specific areas that can be activated on-demand; our Suite, in fact, integrates different components in order to build a complete and effective Governance and Control model such as: Organization, Corporate Governance, Internal Audit, Compliance, Operational Risks, Line Controls, CFO, IT Risk, Supervisory Body, Privacy, Complaints, Purchases, Safety at work.

GO GRC 2.0 benefits from a direct, timely and continuous support from Opentech specialists who deal with the entire life cycle of the Suite.

The GO GRC 2.0 suite is also adopted by various major players in the financial and non-financial markets.

Secon is a leading cyber security company dedicated to protecting organisations from cyber threats, ensuring compliance and enhancing their security posture. We offer a comprehensive range of services and technologies tailored to corporations, financial institutions, and government entities.

We believe in three fundamental truths:

  • Every organisation is a potential target for cyber attacks or data breaches.
  • Continuous preparedness is essential, requiring 24/7 protection with the right tools and technology.
  • Effective recovery playbooks are crucial for swift business restoration post-breach.

At Secon, we address cyber security challenges with our holistic approach, providing tailored services such as Cyber Resilience Review, Cyber Risk Assessment, and 24/7 monitoring via our Security Operations Centre (SOC). We partner with leading security vendors to deliver top-tier solutions, including endpoint protection, network security, cloud security, and identity and access management.

Our purpose is to support organisations in developing the necessary tools, technologies, and processes to enhance their cyber resilience against evolving threats. Organisations trust Secon to safeguard their assets, minimise risk and ensure peace of mind. 

Take a tour of our platform

Niall Flavin

DevOps Engineer -

Uttamkurmar Lakhani

Technical Analyst -

Register for updates

Please register your contact details with us to receive links to insightful blog articles as soon as they are published.

2nd & 3rd Floor,
2 Burgon Street,
City Of London,


Liam Flavin

Intern Developer -

Ekaterina Kuzevanova

Back End Developer -

Mohamed Mohamud

Front End Developer -

Juan Morales

DevOps Engineer -

Luke Bakare

DevOps Engineer -

Rutvik Belapurkar

Technical Analyst -

Harman Singh Malhotra

Technical Analyst -

Jason Wilkes

Technical Lead -

Annie Greenfield

Marketing Executive -

Will Tonge

Head of Recruitment -

Will has spent the last 9-years embedded in Cyber Security working with global, household names and innovative start-ups.

Passionate about bringing people and technology together, Will has worked in various settings, helping build high-growth organisations across multiple sectors. During this time, he has built an extensive network with access to some of the best talent out there.

Outside of QO, his young daughter keeps him well on his toes!

Shaun Barnes

DevOps Team Lead

Mark Hudson

Non-Exec Director -

Mark works with SMEs and charities to develop strategies to help them grow and access development capital. He is a NED, charity trustee and mentor to a wide range of people. His plural career started in 2017 after 16 years at pwc as a Deals partner working with large corporates and PE houses; at pwc he also ran the Retail and Consumer practice and was Chairman of the pwc UK Supervisory Board. Prior to pwc he was an executive director at Welcome Break and Iceland Group, and a partner at Bain and Company. He trained as an engineer at Imperial College and has an MBA from INSEAD. 

Register for our event

Sign-up to future Quod Orbis events

Eamon Flavin

Non-Exec Director -

Eamon is a highly regarded and massively respected technology career professional as well as serial entrepreneur. He has started, grown and successfully taken to market three technology business.

Genuinely expert in technology, Eamon has enjoyed long-term working relationships with many of the world’s top companies and organisations in finance, banking, government, manufacturing, engineering, technology and the charities sector.

He draws on unparalleled contacts and experience and provides advice, solutions and recommendations, as well as helping respond to emergencies. Eamon has grown in-house and client teams and has a gift for hiring great people.

Peter Martin

Non-Exec Director -

Peter has the ability to do what many fail to and that is to consistently bring together highly professional teams and build a business environment that is supportive, agile, professional and where everyone enjoys coming into the office.

Bringing a unique blend of business acumen and technical knowledge to the role of non-exec director, Peter has already demonstrated his ability to bring an exceptional flair for dealing with complex situations with a clear, considered approach.

Personally, Peter brings humility and a strong moral compass to the team. His disarming and self-deprecating approach wins everyone over.

Anwen Haynes

Head of Marketing -

Anwen has worked in B2B and B2C marketing for over 20 years. From transforming end-to-end customer journeys in retail with strategic customer-centric plans to target driven focused strategies for B2B sales. With extensive experience in digital marketing including SEO, as well as Brand development, she loves to develop a cohesive approach to brand image and communications to drive and develop the business proposition and perception.

Alice Walker

Head of Customer Success -

Alice has worked in the IT industry for 20 years. Starting in Procurement, she moved into Software Asset Management before transitioning into Customer Success Management. Working across a variety of roles for different industries as both a customer and a service provider has given her a great understanding of what makes a great service. She has always been passionate about building and maintaining great customer relationships and helping her customers achieve their goals.

Owain Rowley

Lead Developer -

Owain has spent nearly a decade building software solutions and products within the cyber security sphere for the likes of government entities, large telecommunication companies, banks and card transaction companies.

This level of experience allows him to swiftly identify business and security processes that can be streamlined with automation, increase the efficiency of existing processes, as well as generate insightful data visualisations and models for members of an organisation at each different level.

Ami Penolver

Head of HR & Legal -

Ami is a finance sector career professional, with many years’ experience working in financial services, both in London and throughout the UK. In addition to financial control, she looks after HR and legal for the company.

Being a mother of two also equips her with the basic skills required to manage a senior team of management and technology consultants.

Ami’s sense of balance and perspective is an essential ingredient of the Quod Orbis culture.

Alastair Dickson

Commercial Director -

Alastair has spent the last 20 years working in Cyber Security and Risk Management. He is a passionate believer that security solutions should enable a business to take advantage of all the benefits of the digital world, while not putting the organisation’s data or productivity at risk.

Alastair has developed high-performing teams in some of the industry’s most competitive markets and launched new innovative technologies to market.

Being a rugby coach, and also having four sons at home, means he has lots of experience in keeping a passionate team in order but always has time for some fun!

Gary Penolver


Gary has 15 years’ experience in senior technology roles, and has already been closely involved in starting and taking two technology companies to market.

Totally comfortable with a fast-moving, state-of-the-art technical landscape, he helps his clients maintain and improve security and compliance.

He has a reputation for delivering pragmatic and easy to maintain solutions – business owners and managers enjoy knowing that the security and compliance is well managed and automated, properly instrumented and reported at a competitive cost point.

Honest, open, unflappable and very social, Gary is trusted by many household-name organisations to protect their, and their client’s data.

Martin Greenfield


Martin is an experienced technology and organisational transformation specialist and an excellent, proven leader and communicator in mission-critical operations, particularly in security technology.

Over the past 20 years, multi-billion pound commercial organisations, including global banks, utilities and major investment funds have trusted Martin to transform their operations to meet financial, operational and compliance targets.

Martin optimises operations, managing and transforming operational teams of between 50 and 500 people, to deliver the highest levels of audit compliance, risk management and financial efficiency.

Often working with other major consultancies and suppliers for new global corporate owners or management teams, Martin will help integrate and streamline operations on a global basis.

Thank you.

Please register your contact details with us to receive links to insightful blog articles as soon as they are published.

Sign Up!

Fill in your details to access the Liberty & QO White Paper

Request a Quod Orbis CCM demo

Contact us to schedule a demo of the Quod Orbis CCM managed platform.

See it for yourself – automated Continuous Controls Monitoring (CCM), with complete cyber controls visibility in a single pane of glass, continuance compliance, automated audits, our unique service wrap, and more.

Please complete your details and a member of the Quod Orbis team will be in touch soon.