Sarbanes-Oxley & The LSF
Sarbanes-Oxley (SOX):
The 404 & 409 clauses of SOX are particularly focusing on internal control, finance and IT related administration and management. 409 is focusing on quick closing process when 404 is really information systems focused (password management, authentication management, access management, infrastructure, segregation of duties etc).
Loi de sécurité financière (LSF):
The LSF has been voted in France in 2003 following the SOX implementation. It is also known as the Mer law and applies to all SA companies in France. It includes different chapters that are mainly focused around the responsibility of the board, internal control governance and the reduction of conflicts of interest.