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Hi Doug and Loyd ... The most severe "penalty" for non-compliance would be risk to your enterprise's share price. If Sarbanes-Oxley auditors author an unsatisfactory report, those conclusions will be printed in your annual report. Here's an essay about the subject entitled: "What shareholders should know about the exploding responsibility for data integrity" http://www.unbeatenpathintl.com/debriscloud/source/1.html Here are two affordable products that help iSeries shops get prepared for their SOX audit: "Bill of Health" Security Diagnostics and Rx for OS/400: http://www.unbeatenpathintl.com/BOH/source/1.html "Stitch-in-Time" OS/400 Database Integrity: http://www.unbeatenpathintl.com/stitch_in_time/source/1.html Warm regards, Milt Habeck Unbeaten Path International North America: (888) 874-8008 International voice: (262) 681-3151 European contact: (44) 1-737-824248 mhabeck@xxxxxxxxxx www.unpath.com . ++++++ ++++++ ++++++ ++++++ ++++++ ++++++ ++++++ From: Goodbar, Loyd (ETS - Water Valley) To: Midrange Systems Technical Discussion Sent: Monday, August 23, 2004 10:34 AM Subject: RE: Sarbanes & Oxley Beware that you wait until the last minute. Our FYE is Dec 31, we must be in compliance by Sep 30 per our corporate office. No major system upgrades, changes, or implementation allowed without waiver in Q4. SOX is far reaching, but primarily affects financial systems (purchasing, inventory control, GL/AP/AR) and some HR systems. Loyd Goodbar Senior programmer/analyst BorgWarner E/TS Water Valley 662-473-5713 ++++++ ++++++ ++++++ ++++++ ++++++ ++++++ ++++++ From: "Doug Hart" <DougHart@xxxxxxxxxxxx> To: "'Midrange Systems Technical Discussion'" Sent: Monday, August 23, 2004 12:17 AM Subject: Sarbanes & Oxley Does anyone know if there is a date when companies must be SOX compliant? Also, what are the penalties, if any, for non-compliance? Our auditors are driving us nuts. I'd love to put them off until next Spring, or just pay the fines like you can do with OSHA if they are not to expensive. Doug Hart
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