SOX does apply only to publicly traded companies. However, it may be a requirement of the publicly traded companies to have private companies that supply them also have it apply to them as well.
Eugene ----- Original Message ----- From: "Jerry Banker" <[EMAIL PROTECTED]> To: <u2-users@listserver.u2ug.org> Sent: Thursday, January 27, 2005 10:56 AM Subject: Re: [U2] [UV] SOX Compliance and Universe > Isn't it true that SOX only applies to companies that are publicly traded? I > guess if a company were thinking of being publicly traded in the near future > they might be concerned but if they don't should they be concerned? > > ----- Original Message ----- > From: "Baakkonen, Rodney" <[EMAIL PROTECTED]> > To: <u2-users@listserver.u2ug.org> > Sent: Thursday, January 27, 2005 11:02 AM > Subject: RE: [U2] [UV] SOX Compliance and Universe > > > Seeing this post made me wonder how other companies productivity has changed > since SOX. We are going to have to hire people to do jobs that did not exist > before. Programming changes that used to take less than a day usually cannot > be done now in that time frame. In order to get the proper signoffs from the > business, stuff sits and waits now. Our auditors are insisting that we have > one person on the business side that makes sure all signoffs are done before > anything goes into production. > > It really is not so bad for our programmers. They aren't doing that much > more work. But the business users are exasperated at the time it takes us to > get new software and fixes into production. > > It seems like a pendulum has swung too far to the other side to correct for > problems caused by Enron, Global Crossings and the like. This probably > should go off-topic, but in a way is relevant as it has had a major impact > on how software is done in our company. > > -----Original Message----- > From: Meeta Advani [mailto:[EMAIL PROTECTED] > Sent: Thursday, January 27, 2005 9:08 AM > To: u2-users@listserver.u2ug.org > Subject: [U2] [UV] SOX Compliance and Universe > > > Hi all, > > The company I work for, Mothers Work Inc., is a publicly held company, > traded on NASDAQ. As a result, we are obliged to comply with the > Sarbanes-Oxley Act. I'm sure others of you are in the same position. > We run our business on a DG-UX machine with Universe 9.411. > > The guidance we have been given is that we need to put stronger access > controls on programmers, track programmer actions, make sure that > sensitive commands at TCL such as DELETE, CLEAR-FILE, and > DELETE/FILE/etc. within ED are locked down to a certain extent. > > Although we normally do all of our programming in-house, in this case we > are interested in finding out if there is already a product out there > (or code that is used internally at some other company) that > accomplishes this, and works as a wraparound. > > If anyone has insight on this or other comments about SOX and the MV > world, I'd like to hear how you are dealing with this situation. > > Thanks, > Meeta Advani > > =============================== > Meeta Advani > Programmer/Analyst > Mothers Work, Inc. > [EMAIL PROTECTED] > ------- > u2-users mailing list > u2-users@listserver.u2ug.org > To unsubscribe please visit http://listserver.u2ug.org/ > ------- > u2-users mailing list > u2-users@listserver.u2ug.org > To unsubscribe please visit http://listserver.u2ug.org/ > ------- > u2-users mailing list > u2-users@listserver.u2ug.org > To unsubscribe please visit http://listserver.u2ug.org/ ------- u2-users mailing list u2-users@listserver.u2ug.org To unsubscribe please visit http://listserver.u2ug.org/
