![]() ![]() To continue showing great figures and pumping up the share prices, companies may fall into less ethical practices, like accounting fraud. Big companies have to take huge risks to be competitive and valuable for their shareholders. Most of us might remember the name WorldCom, which was the second largest telecom provider in the US. The goal of SOx is to reduce fraud and make people responsible if they are guilty of committing to fraud. This includes jail time and high fines, to ensure fraud won’t be unpunished. ![]() The Sabanes-Oxley Act, SOx for short, now applies to all companies who like to have their stock exchanged at the New York stock exchange (NYSE). ![]() Still there are some lessons we can learn, followed by a great documentary to watch about Enron. Usually from a sysadmins point of view, work doesn’t get easier due to these compliance requirements. If you are involved with Linux security, you might already have come across SOx compliance. ![]()
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