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A Regulatory Reporting Framework for Strengthening SOX Compliance and Audit Transparency in Global Finance Operations
Subject area: Management and Commerce · Area of research: Regulatory Reporting
Abstract
This paper presents a comprehensive regulatory reporting framework aimed at strengthening compliance with internal control requirements and enhancing audit transparency within global finance operations. In the complex landscape of multinational corporations, adherence to stringent financial regulations such as the Sarbanes-Oxley Act poses significant challenges, including disparate regulatory environments, decentralized reporting structures, and technological fragmentation. The proposed framework addresses these issues through a holistic approach that integrates clear governance mechanisms, standardized internal controls, and advanced automation tools to improve data integrity and audit trail accuracy. Emphasizing continuous monitoring and adaptive improvement, the framework fosters transparency, accountability, and operational resilience. Strategic implications highlight the framework?s potential to align compliance with organizational goals, enhance cross-functional collaboration, and support data-driven decision-making. Finally, the paper identifies future research directions, advocating for empirical validation and technological innovation to further optimize regulatory reporting in evolving global finance contexts.
Keywords
Sarbanes-Oxley Act, Regulatory Reporting, Internal Controls, Audit Transparency, Compliance Framework, Global Finance Operations
How to cite this paper
@article{1709385,
author = {Olawale Olasoji, Ebehiremen Faith Iziduh, Oluwatobi Opeyemi Adeyelu},
title = {A Regulatory Reporting Framework for Strengthening SOX Compliance and Audit Transparency in Global Finance Operations},
journal = {Iconic Research And Engineering Journals},
year = {2020},
volume = {4},
number = {2},
pages = {240-248},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/1709385.pdf},
abstract = {This paper presents a comprehensive regulatory reporting framework aimed at strengthening compliance with internal control requirements and enhancing audit transparency within global finance operations. In the complex landscape of multinational corporations, adherence to stringent financial regulations such as the Sarbanes-Oxley Act poses significant challenges, including disparate regulatory environments, decentralized reporting structures, and technological fragmentation. The proposed framework addresses these issues through a holistic approach that integrates clear governance mechanisms, standardized internal controls, and advanced automation tools to improve data integrity and audit trail accuracy. Emphasizing continuous monitoring and adaptive improvement, the framework fosters transparency, accountability, and operational resilience. Strategic implications highlight the framework?s potential to align compliance with organizational goals, enhance cross-functional collaboration, and support data-driven decision-making. Finally, the paper identifies future research directions, advocating for empirical validation and technological innovation to further optimize regulatory reporting in evolving global finance contexts.},
keywords = {Sarbanes-Oxley Act, Regulatory Reporting, Internal Controls, Audit Transparency, Compliance Framework, Global Finance Operations},
month = {August},
}