Thursday, August 25, 2005
CIO Jury: Are high compliance costs worth it?
The high IT cost of compliance projects has proved worth it for the wider business benefits such projects have brought, according to UK CIOs.
The raft of regulations such as Basel II, International Accounting Standards (IAS) and Sarbanes-Oxley (SOX), introduced to prevent another Enron, have been a heavy drain on IT departments both in terms of time and budget.
Earlier this month industrial gases multinational BOC admitted that SOX compliance alone would cost £20m more than expected over the next two years.
posted by Brian Moran @ 1:12 PM