Sarbanes-Oxley legislation has been coming for a
pounding recently.
Firstly, the Internet Security Forum warned that the cost of
complying with 'Sarbox' was diverting spending away from addressing
security threats received blanket coverage in the world's business
and technology publications.
And now, IBM users believe compliance with Sarbanes-Oxley rules
governing U.S. public companies prove to be the least effective or
the most wasteful use of their IT resources, according to the
results of an online poll of Big Blue user group members released
late yesterday.
IBM asked respondents to imagine looking back at 2005 from the
year 2015 and then identify what they thought would prove to have
been either an ineffective or wasteful use of their IT time.
Twenty-eight percent of the respondents cited Sarbanes-Oxley
compliance, followed by deployment of unproven technologies (23%),
purchase of unneeded technologies (19%), and continuing support for
outdated technologies (17%).
Meanwhile, some smaller companies are reportedly talking to venture
capitalists about returning their businesses to private
operations
specifically because they can't afford to comply with the
Sarbanes-Oxley rules.
