Thursday, October 28, 2004

CIO Executive Council Members Worry about Future of Information Technology in United States, Call on U.S. Congress and Academia to Help

Of those CIO Executive Council respondents impacted by the Sarbanes-Oxley (SOX) Act of 2002, the majority (73%) have a clear understanding of what the act requires. (NOTE: Following a spate of corporate scandals, the 2002 Sarbanes-Oxley Act mandated that public companies hire internal auditors to ensure that financial reporting is accurate and ethical. Public companies face deadlines as early as November 15, 2004 or as late as April 15, 2005). However, almost half (49%) do not think the requirements are fair and reasonable. And 42% believe the auditors of SOX compliance are not helpful to their organization's efforts to meet the requirements.

The new poll of chief information officers (CIOs) was conducted by the CIO Executive CouncilTM (founded by IDG's CXO Media Inc. and CIO magazine), revealing 81% of chief information offices are "extremely, very or somewhat concerned" about the future competitive advantage of the U.S. workforce in the global information technology (IT) marketplace. CIOs point to inadequate preparation from universities as a primary cause for their concern with 57% saying a lack of integration between business and IT skills is the biggest problem with today's IT education preparation programs in the U.S.

CIO Executive Council Members Worry about Future of Information Technology in United States, Call on U.S. Congress and Academia to Help

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