Wednesday, July 27, 2005
Three Years Later, A Look At Sarbanes-Oxley
The third anniversary of the Sarbanes-Oxley Act, or SOX, is a good time to take stock of the impact of the law on American business. While the spirit of data-driven regulations like SOX were created with the best of intentions, they have had a tremendously burdensome impact on U.S. enterprises because they have imposed requirements that are complex, costly, confusing and often contradictory.
And SOX is not the only Act companies have to address. There are separate data regulations created under the Health Insurance Portability and Accountability Act, Securities and Exchange Commission 4, Department of Defense, Check 21—and the many other laws and regulatory vehicles that have sprung up like kudzu in recent years.
posted by Brian Moran @ 2:30 PM