Nearly 75% of UK IT support professionals are unaware of the US Sarbanes-Oxley corporate governance regulations or similar rules that could be introduced in the EU, an industry survey has revealed.
The 2002 Sarbanes-Oxley regulations have major implications for the IT sector because IT systems are crucial to compliance with financial reporting and controls required by the corporate governance rules.
But 68% of IT support staff interviewed said they did not know about Sarbanes-Oxley.
The survey was carried out by IT service management software firm Axios Systems and the Help Desk Institute Europe.
Just 22% of the 500 professionals surveyed said they were aware of the regulations, with the remainder unsure.
Ailsa Symeonides, sales and marketing director of Axios Systems, said the results reflected the fact that the legislation came from the US.
She said, "Massive penalties can lie in store for senior managers if they do not exercise proper governance of their companies, and the use of IT service management can be a vital tool in ensuring compliance."