RE: Sarbanes-Oxley 404 Project Information - RANT

Subject: RE: Sarbanes-Oxley 404 Project Information - RANT
From: "John Posada" <JPosada -at- isogon -dot- com>
To: "TECHWR-L" <techwr-l -at- lists -dot- raycomm -dot- com>
Date: Fri, 12 Mar 2004 12:42:02 -0500

>Diane, I'm curious about your viewpoint that
>SOX is going to spill into the private sector.
>It's an awfully expensive proposition. While
>I can see private companies perhaps becoming a
>little more careful about documenting processes,
>I'm not sure I agree that they'll take on the
>extra expense. Can you explain more?

I was reading a trade rag on this and it profiled four companies...three
publicly traded companies, and one not traded...the Philadelphia Stock

The reason the PSE did SOX was:

1) They saw the value
2) The figured they might not be traded now, but what if they go public?

Figure most large private sector companies would like to be traded when
they grow up, so yes, I believe that large private sector companies will
find it of value.

In addition, some companies may sell to companies that require SOX
compliance. Wouldn't it be an advantage to understand their needs?
We're in the software asset management business. We're starting to
include references to SOX in our marketing and training, it's only time
before it makes it's way down to User and Admin deliverables.

John Posada
Senior Technical Writer
Isogon Corporation


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