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Does our payroll office have to worry about Sarbanes Oxley regulations? (JB, Saginaw, Michigan)
It's best to contact your company's legal department for specifics, but note that the payroll office is wise to pay close attention to the requirements of the Sarbanes Oxley Act.
The information summarized and recorded by payroll significantly affects your company's financial statements--both the balance sheet and income statement.
Again, your company's legal department can address your specific situation. An automated employee time tracking system helps fairly and accurately apply business rules, pay rules, scheduling and other work standards, as well as helps with record keeping.
Have a question about time tracking and scheduling? Ask us and we'll do our best to answer.