Free Pricing | JCPenney Coupons | Pizza Hut Coupons | Home Depot Coupons
CIOs bemoan Sarbanes-Oxley’s ‘big Impact, little benefit’

CIOs bemoan Sarbanes-Oxley’s ‘big Impact, little benefit’

by Rick Turoczy on March 20, 2006

Describing his changing role as senior vice president and CIO at biomedical company Beckman Coulter and some of the challenges, Bobby Spaid said “Sarbanes-Oxley has been the biggest impact to our bottom line, and brought us little benefit.”

Companies will spend a combined $US6 billion to comply with the Sarbanes-Oxley Act in 2006, according to AMR Research. The research firm said compliance across a range of mandates from government to trading partners, such as Wal-Mart Stores’s radio frequency identification (RFID) supply chain project, will cost companies $US28 billion in 2007, up from $US27.3 billion this year.

CIOs bemoan Sarbanes-Oxley’s ‘big Impact, little benefit’

Leave a Comment

Previous post:

Next post: