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Operations Risk – CIO’s Want More Stringent Sarbanes Guidelines

Operations Risk – CIO’s Want More Stringent Sarbanes Guidelines

by Toby Lucich on August 5, 2005

A new poll of chief information officers (CIOs) reveals that more than two-thirds of CIOs impacted by Sarbanes-Oxley (SOX) regulations want more specific guidelines about the SOX compliance process.

To date, CIOs estimate their organizations have spent just under 2% of gross revenue to comply with Sarbanes-Oxley and an average of $1,450,000 of their IT budget during the past twelve months. The poll, conducted by IDG ‘s CIO Executive Council, also shows the majority of CIOs believe SOX compliance costs will either increase (21%) or stay the same (49%) in Year 2.

Operations Risk – CIO’s Want More Stringent Sarbanes Guidelines

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