Re: Sarbanes-Oxley / my opinion

qsrvbas@xxxxxxxxxxxx wrote:

midrange-l-request@xxxxxxxxxxxx wrote:

  3. RE: Sarbanes-Oxley / my opinion (Doug Hart)

SOX does not help our company build or sell product but has cost us big
bucks.  Tell that to the stock holders.

Out of curiosity, regardless of my employer (PowerTech), I have to ask --

How were stockholders answered when they asked how often company information 
assets were abused, stolen or altered without authorization and what the losses 
amounted to? In a physical sense, would stockholders be pleased to know that no 
one locked doors and there were no alarms in the buildings to notify someone of 
an overnight break-in?

I would think that if such things were well handled before SOX, then there 
shouldn't have been a significant cost resulting from SOX.

I know this has sounded confrontational, but I really have little idea (as far 
as SOX goes for policy implementation). My view is obviously from a very 
different perspective. I figure that anything I can learn from another 
perspective gives me a better chance of doing my work better.

Tom Liotta


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