F

The idea that organizations should only retain information as long as it is pertinent.

The accidental loss of data, whether via accidental deletion, destruction, or theft.

The Sarbanes-Oxley Act (SOX) is a federal law designed to improve financial transparency and responsibility for U.S. public companies. It’s enactment in 2002 was prompted by several well-publicized accounting scandals established a number of standards for public companies to follow.