Wednesday, September 22, 2004 Most likely, yes. At least if you're CarrAmerica Realty, a $570 million-a-year real estate investment trust based in Washington, D.C. The company's technology shop this year gave back $750,000 of its $12 million budget because it didn't have time to pursue initiatives aimed at improving its efficiency. The culprit: Sarbanes-Oxley compliance. The 40-person staff didn't have time to pursue both. "We had to focus so many things on Sox,'' says Susan Gerock, the senior director of systems integration and support at CarrAmerica. "We had budgets for projects and had to give back the budgets." Will Sarbanes-Oxley Compliance Leave a Hole in Your Budget? Previous articles Coldwater Creek Selects OpenPages SOX Express for ...
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