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Sarbanes-Oxley Act: The Next Y2K For IT Budgets?

CHICAGO There are lots of concerns by companies today to start reviewing the Sarbanes-Oxley Act and its effects on the IT area. Is the act a healthy antidote for devastated market faith? Adjunct Northwestern professor James Carlini explores in this week's edition of Carlinis Comments.

The Sarbanes-Oxley Act
Full article >>> for solutions. This is good advice as companies begin to review their options and seek out solutions.

I would also add to the articles advice that a one-size-fits-all solution should be avoided as well. We should already know that theres no such thing as a universal solution.

Just Like Y2K? No Way
In talking with a chief compliance officer at a pension management co......

Full article >>> is still wet on the paper on which the act was printed.

This is clearly a work in progress. Though no one has years of expertise on this, some people are already saying they have all the answers. I remember the mantra from the e-commerce pseudo-experts. Is Sarbanes-Oxley the new cash cow for consulting firms whose Y2K and e-commerce sales pitches have died out?

I distinctly rem......

Full article >>> to ensuring that some of these functions get accomplished. So much for IT getting its recognition as a critical part in an organization and its chief executives and advisors.

The government still sees only accountants and lawyers as important.

There are also no specifics mentioned in section 409 on real-time disclosures as to what is needed as far as IT compliance or new IT ini......

Full article >>>
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Source:wistechnology.com By Jim Carlini 11/02/03


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