oboloo Glossary

Sox Compliance Cycle Counting

oboloo Glossary

Sox Compliance Cycle Counting

Sox Compliance Cycle Counting, or SCCC, is a process of verifying the accuracy of inventory levels at regular intervals. This verification process is necessary to ensure that information related to inventory holdings is accurate and reliable in order to maintain regulatory compliance with the Sarbanes-Oxley Act. The cycle counting process involves monitoring inventory as it moves through all stages of the supply chain, from acquisition to sale. By regularly taking physical counts of materials and comparing them with existing records, businesses can ensure that their inventory figures are both accurate and up-to-date. This helps organizations ensure that they have the right amount of inventory on hand and that they remain compliant with SOX standards.