Matching SOX
Sarbanes-Oxley, or SOX as it is sometimes abbreviated, is an interesting beast. This article explores some of the implications that it might have on the IT industry. One one side, you can certainly see why this came about from the excesses of the Enron era. On the other, it does seem a little bit overburdening to have to document every single internal financial process for the public. If it makes external audits easier, you would think the companies would get some kind of payback from that in the form of lower audit fees and higher stock premiums.