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by deployment of unproven technologies (23%), purchase of unneeded technologies (19%), and continuing support for outdated technologies (17%).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.