So C- as in, "Not great but they would have passed"? Just clarifying...
On Mon, Apr 24, 2017 at 3:30 PM, Jesse 1 Robinson <[email protected]> wrote: > Some time ago I heard an interview on the efficacy of SOX in the real > world of IT. The interviewee estimated--hypothetically and well after the > fact--that Enron would likely have scored a C- in a full SOX audit. As I > said, minimal protection achieved. > > . > . > J.O.Skip Robinson > Southern California Edison Company > Electric Dragon Team Paddler > SHARE MVS Program Co-Manager > 323-715-0595 Mobile > 626-543-6132 Office ⇐=== NEW > [email protected] > > -----Original Message----- > From: IBM Mainframe Discussion List [mailto:[email protected]] On > Behalf Of Anne & Lynn Wheeler > Sent: Thursday, April 20, 2017 2:36 PM > To: [email protected] > Subject: (External):Re: Vendor Licensing Frustrations > > [email protected] (Jesse 1 Robinson) writes: > > Unfortunately legislative bodies are dominated by lawyers, especially > > in the U.S. Sarbanes-Oxley (SOX), Congress's blunderbuss response to > > the Enron debacle, achieves maximum burden with minimal protection. A > > classic case of lawyers meddling in IT. > > the rhetoric on flr of congress was that it would guarantee that > executives and auditors went to jail (but it required SEC to do > something) ... the joke was that congress felt so bad about accounting > firm going under ... it was full employment gift to the audit industry. > > possibly even GAO didn't believe GAO was doing anything, it started doing > reports of public company fraudulent financial filings ... even showing > uptic/increase after SOX goes into effect (and nobody doing jailtime). > > After SOX goes into effect, there is EU conference of CEOs and exchange > presidents in Liechtenstein about how SOX audit requirements were leaking > into EU companies (that had contracts with US companies) ... and I'm asked > to talk about how it wasn't really meaningful (as well as being able to > program corporate computers to beat SOX audit). > > -- > virtualization experience starting Jan1968, online at home since Mar1970 > > > ---------------------------------------------------------------------- > For IBM-MAIN subscribe / signoff / archive access instructions, > send email to [email protected] with the message: INFO IBM-MAIN > -- zMan -- "I've got a mainframe and I'm not afraid to use it" ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to [email protected] with the message: INFO IBM-MAIN
