Friday, November 11, 2005

Double Dipping on Sarb-Ox


Some companies are leveraging Sarbanes-Oxley investments for business; others are leveraging business investments to comply.

Mention the Sarbanes-Oxley Act to a CIO or a corporate executive, and he's likely to roll his eyes or grimace.

That's because most executives view the compliance requirements as a grim burden, like cleaning out a pack rat's basement.

Large public companies have had to devote thousands of staff hours and invest millions of dollars to identify, document and audit internal controls within their organizations just to comply with Section 404 of the federal law. Often the result has been that other strategic initiatives and revenue-enhancing IT projects had to be put on the back burner.

See full Article.