Can Real Business Value Be Gained from Sarbanes-Oxley?By Marcus Blosch | Posted 2004-05-01 Email Print
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Judging from the results of this month's research (a joint CIO Insight/Gartner EXP survey of CIOs on the status of their Sarbanes-Oxley compliance programs), most CIOs feel optimistic about their efforts.
It's good to be optimistic, and CIOs have some reason to be. More than 87 percent of respondents think their top executives take Sarbanes-Oxley compliance seriously, and, since executive sponsorship is the single most important success factor for any project, it's not surprising that almost the same percentage of CIOs think their companies will be compliant by their deadline.
Most CIOs, however, think they'll get something more than bare compliance for their efforts, and we wonder if that's being a bit too optimistic. Almost half the CIOs who responded to the survey said their companies will do the minimum necessary to achieve compliance. Can those CIOs really get valueimprovements in business processesthat they haven't paid for?
CIOs cite problems with data structures, difficulties ensuring adequate security and business continuity, and variations in infrastructure between business units as three of the top four obstacles to compliance. These issues are closely related; they are the result of years of building information systems one-by-one in complex organizations, where data definitions, business rules and operating procedures are set department by department. A big company might have dozens of definitions built into its information systems for something as fundamental as a "product" or a "customer," and it might have hundreds of conflicting business rules for managing the data. For a company that's grown rapidly via mergers and acquisitionsas many have over the past decadethe problem is compounded.