{"id":8,"date":"2006-03-10T10:44:58","date_gmt":"2006-03-10T15:44:58","guid":{"rendered":"http:\/\/www.smilingdogapps.com\/wordpress\/?p=8"},"modified":"2006-03-10T10:44:58","modified_gmt":"2006-03-10T15:44:58","slug":"sox-compliance-sux","status":"publish","type":"post","link":"https:\/\/www.sdapps.com\/index.php\/2006\/03\/10\/sox-compliance-sux\/","title":{"rendered":"SOX compliance SUX"},"content":{"rendered":"<p><font face=\"Times New Roman\" size=\"3\">So the leaders of the IT department where I work got in big trouble with the SOX auditors and failed the SOX compliance test.\u00a0 OUCH! Of course they must\u2019ve known this for a long time because by the time the contractors got to know about it, there were diagrams and PowerPoint presentations outlining the strategy for becoming SOX compliant.\u00a0 OK, SOX compliance according to <\/font><a href=\"http:\/\/www.ey.com\/global\/content.nsf\/International\/Home\"><font face=\"Times New Roman\" size=\"3\">Ernst and Young<\/font><\/a><font face=\"Times New Roman\" size=\"3\"> of course.<\/font><\/p>\n<p><font size=\"3\"><font face=\"Times New Roman\"><br \/>\n<\/font><\/font><font face=\"Times New Roman\" size=\"3\">So I went and looked at the summary of the <\/font><a href=\"http:\/\/www.aicpa.org\/info\/sarbanes_oxley_summary.htm\"><font face=\"Times New Roman\" size=\"3\">Sarbanes-Oxley act of 2002<\/font><\/a><font face=\"Times New Roman\" size=\"3\"> to see what types of things that they were talking about.\u00a0 As far as I can tell it\u2019s all about accounting standards and trying to keep people from painting a rosy financial picture over a rotten core, the <\/font><a href=\"http:\/\/www.time.com\/time\/2002\/enron\/\"><font face=\"Times New Roman\" size=\"3\">poster boy being Enron<\/font><\/a><font face=\"Times New Roman\" size=\"3\">. <\/font><\/p>\n<p><font size=\"3\"><font face=\"Times New Roman\"><br \/>\n<\/font><\/font><font face=\"Times New Roman\" size=\"3\">But according to Ernst and Young\u2019s SOX experts working here, it is a SOX violation for technologists who develop and enhance new systems to login and modify anything on production.\u00a0 Of course the production admins are responsible for dozens of systems and don\u2019t have the knowledge to solve problems on specific systems, so it is my job to divine problems that might occur on a production system.\u00a0 Only now, I can\u2019t really get in and poke around because it is apparently a SOX violation.<\/font><\/p>\n<p><font size=\"3\"><font face=\"Times New Roman\"><br \/>\n<\/font><\/font><font face=\"Times New Roman\" size=\"3\">The irony seems that Arthur Andersen went out of business because they took the heat for doing the accounting for companies like Enron that went belly up.\u00a0 So guess who benefits from the new SOX compliance rules?\u00a0 More consulting companies of course.\u00a0 Another self-perpetual billable hours scheme as far as I can tell. <\/font><font face=\"Times New Roman\" size=\"3\">And now those same consulting companies are trying to build the business around the world.\u00a0 Even though SOX compliance is a US law, Ernst and Young thinks global businesses would <\/font><a href=\"http:\/\/www.ey.com\/global\/content.nsf\/South_Africa\/18_Jan_06_Non-US_listed_companies_can_learn_from_SOX_provisions\"><font face=\"Times New Roman\" size=\"3\">benefit from SOX compliance.<\/font><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>So the leaders of the IT department where I work got in big trouble with the SOX auditors and failed the SOX compliance test.\u00a0 OUCH! Of course they must\u2019ve known this for a long time because by the time the contractors got to know about it, there were diagrams and PowerPoint presentations outlining the strategy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-8","post","type-post","status-publish","format-standard","hentry","category-consulting"],"_links":{"self":[{"href":"https:\/\/www.sdapps.com\/index.php\/wp-json\/wp\/v2\/posts\/8","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sdapps.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sdapps.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sdapps.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sdapps.com\/index.php\/wp-json\/wp\/v2\/comments?post=8"}],"version-history":[{"count":0,"href":"https:\/\/www.sdapps.com\/index.php\/wp-json\/wp\/v2\/posts\/8\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.sdapps.com\/index.php\/wp-json\/wp\/v2\/media?parent=8"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sdapps.com\/index.php\/wp-json\/wp\/v2\/categories?post=8"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sdapps.com\/index.php\/wp-json\/wp\/v2\/tags?post=8"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}