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Sarbox and IT: How Bad Can Things Get?

Readers of CFO IT have many entrenched problems and misgivings about the regulations, the manner in which they've been communicated, and the qualifications of those charged with enforcing them.
CFO Staff, CFO IT
June 22, 2005

When we polled readers about the IT implications of current Sarbanes-Oxley requirements, we didn't expect a happy chorus, but we were surprised to uncover so many entrenched problems and misgivings about the regulations, the manner in which they've been communicated, and the qualifications of those charged with enforcing them. As we report elsewhere in this issue (see "Sarbox Surprises"), Sarbox problems don't resolve quickly. But with any luck, these responses will have changed considerably a year from now.

CFO IT surveyed 153 senior executives in late April and early May at companies that must or will comply with the Sarbanes-Oxley Act. One-third of respondents said their companies had been identified as having weaknesses/deficiencies; their answers are reflected in questions 1 and 6. Questions 2 through 5 represent the responses of all 153 survey participants. Percentages may not add up to 100% due to rounding.




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