Computerworld looks at how five companies chose tools to help in the never-ending process of regulatory compliance.
For many corporate executives, complying with the Sarbanes-Oxley Act of 2002 is a lot like cleaning out a cluttered basement -- dreaded and tedious, but necessary.
That's because the federal law requires business managers to continually identify, monitor and verify that they have effective financial controls in place.
Now that most large publicly held firms have gone through at least one round of meeting these so-called Section 404 requirements, many executives have recognized the need to automate those controls processes in order to make those activities repeatable and cheaper to maintain. Big companies like Time Warner Inc. and The Dow Chemical Co. each devoted hundreds of thousands of man-hours in 2004 to manually identifying, evaluating and testing their business and IT controls.
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