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A Longview on SOX
SC Mag just published a feature looking back on Sarbanes-Oxley, two years later. The article chronicles the initial fear SOX brought to the boardroom three years ago as it differed from other regulations by adding real "teeth" -- and jail time for executives who were noncompliant.
With the initial shock now gone from SOX compliance, companies today are focusing more on the process and strategies for continuous compliance, rather than the fear of jail time.
SCMag's Frank Washkuch writes: "Now those fears are mostly in the rearview mirror for corporate executives, as two years of experience with the regulations - plus a lack of SOX-related prosecutions - have put minds at ease with the federal mandate. Many forward-looking companies are also realizing that they can use SOX to their advantage to create best practices... Because of the complexities of making sure major national and international corporations are compliant with numerous state, federal and, in some cases, foreign standards, many companies are now using automated processes."
Washkuch taps LogLogic's own Andy Lark for his take on SOX two years later. Lark is quoted, "We're seeing an enormous interest in anything that automates SOX, as well as anything that regulates other regulations," he says. "What we say to people is that rather than building a SOX dashboard, you're going to be much better off building a COBIT 4 board that can be used for SOX. We definitely see a lot of elevated interest in anything that automates manual processes."
Posted November 21, 2006 in Compliance , Log Management & Intelligence | Permalink
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