Monday, December 20, 2004

Compliance: Fear and loathing in 2004

This year, it's likely that IT managers would trade in all their holiday gifts to get the compliance grinches, I mean regulators, off their backs.

Compliance regulations such as the Health Insurance Portability and Accountability Act (HIPAA) for patient records and the Sarbanes-Oxley Act of 2002 (SOX) for financial records changed the way companies managed their data in 2004. Regulated companies spent a lot of time and money figuring out what data it had and what it needed to keep.

This led to confusion and anxiety because compliance language is not IT specific and better suited for lawyers and auditors. Many IT departments were left scratching their aching heads over compliance -- simply doing their best to manage, protect and archive their data.

But on the bright side, the effort to get compliant did help many IT departments put their shops in order and, in some cases, helped business and IT communicate better.

Compliance: Fear and loathing in 2004

Send to a friend:

0 Comments:

Post a Comment

<< Home

Previous articles

MSNBC: Latest Sarbanes-Oxley requirement draws mix...

PCAOB to investigate KPMG audit

Sarbanes-Oxley Act Could Punish Executives

PCAOB Said to Be Investigating KPMG Audit of Fanni...

Reassuring Answers (washingtonpost.com)

Delistings soared in '03, study says

BearingPoint Warns of Continued Turmoil, Acknowled...

White Paper: Ensure business controls and regulato...

Balance Sheet: The limits of expertise

Nicolet decides to privatize