RE: Sarbanes & Oxley

["John Earl" <john.earl@xxxxxxxxxxxxx>]

David,

If I may politely disagree - 

SOX compliance is (arguably) more relevant to IT than Y2K was.  Many of
the "material deficiencies" that companies will be written up for are
deficiencies in IT.  The focus is on controls, auditing, process, and
documentation.

If an auditor writes your company up because you do not have "adequate
controls" in place to prevent financial tampering or financial
misstatements, Corporate Mgmt will find themselves trying to explain
those findings at future analyst calls and stockholder meetings.  The
follow-on impact to IT and technology will be remarkable.

So a large part of Sox compliance is technical - both the origin of the
problems themselves, as well as many of the proposed solutions - and I
believe it is extremely relevant to this list.

JMHO

jte


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John Earl | Chief Technology Officer
The PowerTech Group
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Seattle, WA 98032
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john.earl@xxxxxxxxxxxxx
www.powertech.com 
 

 
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> -----Original Message-----
> From: midrange-l-bounces@xxxxxxxxxxxx [mailto:midrange-l-
> bounces@xxxxxxxxxxxx] On Behalf Of David Gibbs
> Sent: Monday, August 23, 2004 9:05 AM
> To: midrange-l@xxxxxxxxxxxx
> Subject: Re: Sarbanes & Oxley
> 
> Doug Hart wrote:
> > Does anyone know if there is a date when companies must
> be SOX compliant?
> 
> Folks:
> 
> SOX compliance is pretty much a non-technical topic ...
> could we move
> this thread over to MIDRANGE-NONTECH
> (http://lists.midrange.com/listinfo/midrange-nontech)?
> 
> Thanks!
> 
> david
> 
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