Sarbanes–Oxley or SOX, is a 2002 United States Federal Law that sets new or expanded requirements for all U.S. public company boards, management and public accounting firms. A number of provisions of the Act also apply to privately held companies. The main impact of this legislation for planning is around the requirement for well documented processes and audit trails for any data subject to public disclosure.  Similar legislation has been implemented in several other countries. Software itself cannot be SOX compliant but it can form part of a SOX-compliant process. For further information, see this wikipedia reference: