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What are the Key Differences Between SOC and SOX?

Immedis

While both Service Organizational Control (SOC) audit reports and the Sarbanes-Oxley Act (SOX) concern compliance and serve as protective agents for consumers and organizations, there are fundamental differences. Global payroll and SOC audit reports . The significance of SOC audits and payroll cannot be overstated.

Payroll 105
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The Future of Blockchain in the Payroll Industry

HR Daily Advisor

Blockchain has the potential to disrupt the payroll industry in the next few years, but there is still a lot to learn about how it can and should be used. Paychex’s Frank Fiorille breaks down the basics of blockchain, its uses in the payroll industry, as well as benefits and risks. How can blockchain be used in the payroll industry?

Payroll 43
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Case Study: Buy Sod

Paycor

Partners with Paycor to Pay Employees & Maintain Tax Compliance. In 2002, three family businesses came together to create a network of sod farms that operate and distribute around the country. But with ten locations and eighteen different payrolls to process, Buy Sod Inc. struggled to calculate payroll taxes on their own.

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What Is the Sarbanes-Oxley Act (SOX)?

HR Daily Advisor

Congress responded by enacting the Sarbanes-Oxley Act (SOX) in 2002. It is responsible for setting the deadlines for compliance with SOX and publishing rules and requirements. While this was back in 2002, it remains the case that there are additional roles that came about solely because of the implementation of SOX.

Payroll 40
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Prepare for Targeted Attacks on High-Value Data

HR Daily Advisor

They’re getting so old but payroll departments are still falling for them,” he said. Laws like California’s pioneering 2002 breach notification statute focused exclusively on the confidentiality of personal information, so many incident response plans didn’t involve lawyers in preparing for these other types of attacks, Neiditz said.

Data 43
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Ciphr acquires Marshalls

cipHR

In the years since Marshalls was founded in 2002, the company has extended its focus beyond its signature ‘diversity in the workplace’ training to include courses and content covering management and leadership, skills, personal development, mental health and wellbeing, compliance, and health and safety.

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Don’t Let Your Data or Participants Get Lost in Space

HR Daily Advisor

Data is often transferred multiple times to multiple service providers (for example, from the payroll department to the contract recordkeeper to an actuary, then on to a trustee). an employee benefits consulting firm that provides services related to Forms 5500, plan documents, summary plan descriptions, and compliance/operational reviews.