5 Years After Enron, Technologists May Be Better Off
Their central role in a world driven by Sarbanes-Oxley has given them new clout in getting things done. (Baseline)In parts of the business world, the term "Sarbanes-Oxley" has become synonymous with overbearing and counterproductive regulation. But the legislation itself may have improved things for some top information-technology executives. Five years after the U.S. Department of Justice began investigating Enron, the changed legal environment of which SarbOx is the most visible part has given chief information officers a key compliance role. Computers and software run many of the systems that have helped companies tighten their financial processes and adhere to the Section 404 rule for internal controls.
"This is helping to bring CIOs to the table," said John Rostern, director of technology risk in the New York office of consulting firm Jefferson Wells. "Theyre being invited in."