I bailed out of a 20 year stint as a corporate operative earlier this year. Perhaps the one most important thing that I do not miss about my previous career is my SOX compliance responsibilities. Lots of corporate folks are still bearing that yoke, and are continuing to suffer as I once did.
It's not just the cost aspect that's so terrible, it's also the lost creativity and productivity time that most managers must spend to feed the beast.
Nobody argues against the intent of the original legislation, but everyone who must comply knows there's GOT to be a better way.
I still have nightmares about complex key control checklists, rapacious internal delta swat teams, and anal-retentive external auditors.
They are not subject to SOX unless they are a publicly traded (shares for sale on a stock exchange)company, therefore subject to the Securities and Exchange Commission regulation.
ReplyDeleteBesides SOX, SEC compliance in other areas is sometimes onerous too, Joe.
As for those who design and monitor such systems, it's clear that many of them are sadistic.