Thursday, February 8th, 2007
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In parts of the business world, the term "Sarbanes-Oxley" has become synonymous with overbearing and counterproductive regulation. But the legislation itself may have improved things for some top information-technology executives.
Five years after the U.S. Department of Justice began investigating Enron, the changed legal environment of which SarbOx is the most visible part has given chief information officers a key compliance role. Computers and software run many of the systems that have helped companies tighten their financial processes and adhere to the Section 404 rule for internal controls.
"This is helping to bring CIOs to the table," said John Rostern, director of technology risk in the New York office of consulting firm Jefferson Wells. "They're being invited in." READ MORE
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*** Additional Buzz ***
Sarbox on Ice? - True or false: The SEC, the PCAOB, and Congress are lightening up on Sarbanes-Oxley and legal liability.
Top Ten Signs the Pendulum Has Swung - With Sarbanes-Oxley under fire, regulators, Congress, and the courts seem primed to ease up on post-scandal reforms.
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