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 brandpost Sponsored by AWS in collaboration with IBM How digital twin technology is changing complex industrial processes forever As the use cases for digital twins proliferate, it is becoming clear that data-driven enterprises with a track record of innovation stand the best chance of success. By Laura McEwan Dec 05, 2023 4 mins Digital Transformation brandpost Sponsored by AWS in collaboration with IBM Why modernising applications needs to be a ‘must’ for businesses seeking growth Around one-third of enterprises are spending heavily on application modernisation and aiming for cloud native status. The implications for corporate culture, structure and priorities will be profound. By Laura McEwan Dec 05, 2023 5 mins Digital Transformation opinion 11 ways to reduce your IT costs now Reorienting IT’s budget toward future opportunities is a big reason why CIOs should review their IT portfolios with an eye toward curbing unnecessary spending and realizing maximum value from every IT investment. By Stephanie Overby Dec 05, 2023 11 mins Budget Cloud Management IT Governance news analysis SAP faces breakdown in trust over innovation plans The company’s plan to offer future innovations in S/4HANA only to subscribers of its Rise with SAP offering is alienating customers, user conference hears. By Peter Sayer Dec 05, 2023 6 mins SAP Cloud Management Innovation 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