Sarbanes-oxley compliance in the EH&S arena
For the past two years, the information technology (IT) community has been abuzz with talk of the Sarbanes- Oxley Act. Indeed, strategic advisory firm AMR Research reported last year that companies would spend an estimated $2.5 billion in 2003 to comply with the Act, and that 85% of companies surveyed would require changes in their current IT systems. With the November 2004 compliance deadline fast approaching, is your organization ready for Sarbanes-Oxley? What does the Sarbanes-Oxley Act have to do with environment, health, and safety (EH&S), you ask? It adds a new layer of complexity to an already-complex set of business rules that govern EH&S information. This column provides a brief synopsis to help you sort out the key impacts of this landmark legislation.