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SarBox Lawsuit Could Rewrite IT Compliance Rules

December 1st, 2009 12:45 admin Leave a comment Go to comments

dasButcher notes that the Supreme Court will hear arguments next week brought by a Nevada accounting firm that asserts the oversight board for the Sarbanes-Oxley Act is unconstitutional. If the plaintiffs are successful, it could force Congress to rewrite or abandon the law used by many companies to validate tech investments for security and compliance. “Many auditing firms have used [Sarbanes-Oxley Section] 404 as a lever for imposing stringent security technology requirements on publicly traded companies regulated by SOX and their business partners. SOX security compliance has proven effective for vendors and solution providers, as it forces regulated enterprises to spend billions of dollars on technology that, many times, doesn’t prevent security incidents but does make them compliant with the law.”

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