THE AWFUL TRUTH ABOUT COMPLIANCE.

This article discusses challenges facing business enterprises in the U.S. in meeting and understanding current regulations, as of December 2005. The consensus among experts in the field, despite the billions of dollars spent on such efforts, is that 100 percent compliance is fundamentally impossible. One reason behind the few and far between prosecutions under Sarbanes-Oxley is the lack of precedent. At a time when information technology managers are running their departments as a business anchored to the bottomline, their work is lined to the wider effort of implementing internal control processes that aid in ensuring the accuracy of the financial statements of their companies.