Credit: Getty Images In a Q&A in the May issue of Chief Executive Magazine, James Quigley, chief executive of Deloitte & Touche, argues in defense of the Sarbanes-Oxley Act. That may not be too surprising given his firm’s line of business, but he does have some interesting observations, and responses to the usual questions about Sarbox, or SOX. In saying the legislation should not be diluted or amended, Quigley disagrees with CIO magazine publisher Gary Beach (who says, repeal Sarbanes Oxley—we’re spending too much on compliance at the expense of other stuff), but Quigley does concede Sarbox’s implementation could be clarified. And he agrees with CIO.com blogger Ben Worthen in thinking the Public Company Accounting Oversight Board could help drive efficiency and effectiveness. But that organization’s guidance, and the Securities and Exchange Commission’s, could occur and be significant without reopening the statute, he says.Quigley’s comment on whether the regulation is “percolating” into the CIO’s sphere was: “If the software that’s designed is key and fundamental and core to the underlying control systems of the enterprise and the process for preparing their financial statements, I believe it is consistent with the intent.”Sadly, he didn’t address IT’s role any further, though the CIO carries many of the risks and responsibilities of compliance. Related content feature 5G ready or 5G really? Industry CIOs face hard truths about private 5G Some enterprises are building private 5G networks for their industrial environments, only to find they have to initially settle for 4G service. So what is private 5G ready for, and what can it really do? By Peter Sayer Jun 06, 2023 8 mins CIO Network Appliances Network Switches opinion 5 tips for startup partnership success Corporate venture investments provide IT leaders with new engines for IT innovation, broader networks for emerging opportunities, fuel for in-house transformation, and improved career prospects — if done right. By Isaac Sacolick Jun 06, 2023 8 mins Startups Digital Transformation IT Strategy feature 14 organizations that support LGBTQ+ tech workers Offering networking, mentorship, and career development opportunities, these 14 professional orgs foster community for LGBTQ+ workers in an industry that isn’t always welcoming. By Sarah K. White Jun 06, 2023 9 mins Diversity and Inclusion brandpost ChatGPT and Your Organisation: How to Monitor Usage and Be More Aware of Security Risks By Hayley Salyer Jun 05, 2023 7 mins Chatbots Artificial Intelligence Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe