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SOX - Biggest IT Time Waster

China Martens confirms what many of us already feared...

"Share members who responded to an online poll said they expect complying with the mandates of the Sarbanes-Oxley Act to be the least effective or most wasteful use of their IT resources in coming years, followed by the deployment of unproven technologies.

28% of the 444 respondents cited Sarbanes-Oxley compliance as a time waster, while 23% chose the installation of unproven products.

19% opted for purchases of unneeded technologies, and 17% picked continued support of outdated hardware and software.

Printer-friendly page at http://www.computerworld.com/printthis/2005/0,4814,104207,00.html

Ivan

SAP sets the Agenda for Purchasing

Roger Philips offers his slant on SAP and Sarbanes Oxley technologies.

"There is no doubt that increased regulation is driving corporate governance and therefore purchasing professionals must be aware of the implications for their business. Compliance needs are different for every company but process control is key and to exploit the opportunity fully many customers are looking beyond SOX. mySAP SRM provides the functionality to meet the requirements for purchasing compliance and by exploiting SAP’s “Packaged Solutions” & “Category Management” they are able maximise the benefits beyond the legal minimum. mySAP SRM is a complete platform for purchasing which is fully integrated with all core business processes and systems to close the loop for supply management.@

The complete article is at SAP Info

http://www.sap.info/index.php4?ACTION=noframe&url=http://www.sap.info/public/INT/int/index/Category-12613c61affe7a5bc-int/0/articlesVersions-1749843e11ebee9157

Ivan

www.ivanwalsh.com

SPENDING ON SARBANES-OXLEY SOFTWARE CLIMBS

Linda Tucci at SearchCIO.com highlights some interestnig points on SARBOX IT budgets.

http://searchcio.techtarget.com/originalContent/0,289142,sid19_gci1164826,00.html

"Spending on Sarbanes-Oxley (SOX) technology continues to rise, according to the latest research from AMR Research Inc. in Boston. This year technology purchases are expected to account for 32% of $6 billion in total SOX spending."

She add that AMR says 2006 is the year that many CIOs will take a good look at the quick fixes they have used in years past when trying to meet the demands of auditors. Now they'll try to implement software that will provide other benefits.

PS: there is an EXECUTIVE GUIDE: SARBANES-OXLEY over here.

http://searchcio.techtarget.com/generic/0,295582,sid19_gci1050061,00.html

White Paper - Sarbanes-Oxley Risks Associated with Linux

DMReview.com have a new white paper -- When GPL Violations are Sarbanes-Oxley Violations -- the first in a series of legal studies analyzing the common misperceptionsand risks.

http://www.dmreview.com/article_sub.cfm?articleId=1046681

WHAT is the single most challenging Sarbanes-Oxley issue today?

"One of the most interesting challenges in Sarbanes Oxley compliance is the interaction (and sometimes contradiction) between compliance with Sarbanes Oxley and simultaneous adherence to the requirements of the many other federal and state regulations that affect large organizations."


More at eBCVG http://www.ebcvg.com/news.php?id=5662

Sarbanes-Oxley and Business Model Innovation

Robert O'Connor continues his three-part series on the impact of Sarbanes-Oxley.

"This article addresses compliance issues specific to licensing, subscription, and utility revenue streams. Introduction For most companies, the path to growth involves developing more sophisticated customer relationships involving products, services, and long term commitments. Multiple business models begin to operate simultaneously and internal controls for each must be equally well established and documented to maintain compliance with Sarbanes-Oxley." More at http://www.s-ox.com/feature/detail.cfm?articleID=1591

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