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Sarbanes-Oxley Act: You ready yet?

Sarbanes-Oxley Act: You ready yet?

by Rick Turoczy on October 6, 2004

Marc Masnik jokes that he sometimes feels he’s got Sarbanes-Oxley tattooed all over his body because the law touches everything he does these days. But a bull’s eye might be a better image.

Masnik’s company, TIBCO Software of Palo Alto, Calif., is among the first wave of publicly traded companies to file an annual report to the Securities and Exchange Commission after the Sarbanes-Oxley Act (SOX) kicks in Nov. 15. The senior IT manager says he’s ready to prove on paper that TIBCO’s internal data controls work. He’s also fully aware failing to do so could land his CEO and CFO in prison.

Time is nigh for corporations to comply with one of the most influential pieces of legislation this decade. Born out of the Enron scandal, SOX is changing the way even private and non-profit companies do business and how leaders view information security. More attention is being paid to risk analyses and investments are being made in security infrastructure. Communication also is improving between top executives and IT managers. The board room is starting to “get it.”

Sarbanes-Oxley Act: You ready yet?

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