Remember when the millennium bug was all over the news? Companies struggled, sweated and spent big bucks to get their computer systems in order before New Year's Eve 1999. Seems like deja-vu all over again when you read today's Sarbanes-Oxley �404 stories. Public companies are now required to assess their internal controls and have the reports certified by their auditors -- and many may miss their deadlines. And, recently, dozens of companies each month began disclosing some inadequacies in controls.
December 29, 2004 at 12:00 AM
1 minute read
The original version of this story was published on The Recorder
Remember when the millennium bug was all over the news? Companies struggled and sweated and spent big bucks to get their computer systems in order before New Year’s Eve 1999.
Seems like 1999 all over again when you read today’s Sarbanes-Oxley �404 stories. Public companies are now required to assess their internal controls and have the reports certified by their auditors — and many may miss their deadlines. Recently, dozens of companies each month began disclosing some inadequacies in controls.
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