THE NEW BALANCING ACT

It was a little more than a year ago -- July 30, 2002, to be exact -- when President Bush signed the Sarbanes-Oxley Act into law, thereby throwing a new onus of regulation into corporate boardrooms and IT shops throughout the land.With its stringent reporting requirements and stiff penalties for failure to comply, SOA was designed to protect investors shaken by a wave of corporate scandals (see box,

It was a little more than a year ago -- July 30, 2002, to be exact -- when President Bush signed the Sarbanes-Oxley Act into law, thereby throwing a new onus of regulation into corporate boardrooms and IT shops throughout the land.

With its stringent reporting requirements and stiff penalties for failure to comply, SOA was designed to protect investors shaken by a wave of corporate scandals (see box, Page 46). "Officers who don't comply with these rules run the risk of huge fines, or

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