Sarbanes-Oxley Leaves Wiggle Room -- at First
Recently, the Securities and Exchange Commission (SEC) handed U.S. companies a reprieve, of sorts.
In March, the SEC issued its revised guidelines for compliance for some parts of the Sarbanes-Oxley Act (SOA). The good news, as far as most enterprises were concerned, was that much of the FUD surrounding the act proved unfounded.
But, then, the same could be said not just about SOA, but also about the Gramm Leach Bliley Act (GLBA), the
Health Information Privacy and Accountability Act (HIPAA) and many other compliance requirements as a whole.
The truth, analysts and vendors say, is that navigating a course through the uncharted seas of compliance is almost never as bad as most companies imagine. In fact, some experts say, the overall compliance process can go a lot more smoothly if companies simply observe many common best practices. Read more.
Stephen Swoyer is a Nashville, TN-based freelance journalist who writes about technology.