SQL Server Performance

Is SOX Enough?

Discussion in 'EditorsBlog' started by shanetasker, Jan 9, 2009.

  1. shanetasker New Member

    The Sarbanes Oxley Act is a United States federal law that was introduced in 2002 in response to a number of major corporate and accounting scandals that rocked the financial world. Although this act did restore investor confidence it has done very little to improve corporate governance and transparency. The announcement in the last few days that the company profits for Satyam, one of India's largest outsourcing companies has been overstated over recent years highlights this. Despite the fact that Satyam is listed on the NASDAQ, this fraud went undetected by the company auditors. The financials for any company that is listed on the NASDAQ needs to meet the US GAAP Standards and comply with SOX requirements. So is SOX in its current form enough to prevent future corporate scandals?
    - Peter Ward
  2. JJeffreySchwartz New Member

    SOX is nothing close to stopping execs from stealing from their company - it does make it easier!! Now - they do not have to use THEIR login - they can find another one!! SOX requires that passwords to a computer be changed every 90 days - regardless. People ALWAYS forget their new passwords - the IT staff spends MOST of their time - resetting passwords. The solution - put it on a yellow stickie - under your keyboard. The result - EVERYBODY knows this - so passwords are easily found!!! (This result has been found - after 2 years of SOX compliance)

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