Resources for Sarbanes-Oxley (SOX)
EU compliance laws heading for trouble
www.techworld.com The introduction of the forthcoming EU compliance directive, ‘EuroSOX’, could be chaotic, the Information Security Forum (ISF) has warned.The EU’s landmark directives on corporate governance are due to start being passed into law by member states this summer, but already the ISF has spotted trouble ahead. The first problem is that each state will have to interpret and translate the collection of directives that make up EuroSOX, leading to subtle divergences of law between different states.
“EuroSox is intended to harmonise existing laws but a lack of clarity compounded by 25 translated versions and different interpretations of auditing rules could confuse the true meaning of the legislation and jeopardise its positive effect on internal risks and controls,” said Andy Jones of the ISF.
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