News
News
9/26/2005
01:34 PM
50%
50%

Poll: Companies Unprepared For Next Sarbanes-Oxley Deadline

Nearly half of public companies that filed for extensions to meet Sarbanes-Oxley requirements are likely to miss the next deadline, according to a poll by Akonix Systems Inc.

Nearly half of public companies that filed for extensions to meet Sarbanes-Oxley requirements are likely to miss the next deadline, according to a poll by Akonix Systems Inc.

The poll, released Monday, found that 45 percent of public companies will not have archiving systems in place for their e-mail and instant messaging by July 15, 2006. Executives can face fines and jail time for failing to meet the deadlines.

Akonix, which produces instant messaging, security and management solutions, reported that only 29 percent of executives at 157 public companies believed their messages would be archived on time. Another 26 percent said they were unsure of whether they would meet the deadline.

Most stated that cost was the major obstacle. AMR Research reports that U.S. businesses will spend more than $6.5 billion on products and services related to Sarbanes-Oxley requirements.

Comment  | 
Print  | 
More Insights
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Tech Digest August 03, 2015
The networking industry agrees that software-defined networking is the way of the future. So where are all the deployments? We take a look at where SDN is being deployed and what's getting in the way of deployments.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.