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sandy ingram

Small Business Facts and Figures - 0 views

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    What is a small business? The Ofce of Advocacy denes a small business as an in- dependent business having fewer than 500 employees. (The denition of "small business" used in government programs and contracting varies by industry; seewww.sba.gov/size.)
sandy ingram

Top regulatory compliance trends that will affect IT in 2009 - 0 views

  • More enforcement coming Deputy Attorney General Dave Ogden also was among those who see a renewed emphasis on "prosecuting financial crimes aggressively" in the months ahead. Reflecting Ogden's assessment, former U.S. Deputy Attorney General Paul McNulty said that money laundering, fraud and tax issues are also receiving increased enforcement action. McNulty pointed to the requirements of the Sarbanes-Oxley Act (SOX), which mean that more information now must be disclosed and acted upon
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    More enforcement coming SOX 404(b) will matter FCPA compliance Focus on risk management
sandy ingram

forbes: The Hidden Cost of Privacy - 0 views

  • Special interest groups and lawyers claim they are defenders of individual privacy. But all that red tape is causing more harm to consumers than good.
  • In a world of tight budgets and sacrificed programs, one sector has continued to grow with the speed and choking effectiveness of kudzu: regulations around privacy.More than 300 privacy-related laws are on the books, in both Washington, D.C. and state capitals. Privacy-related consulting services provided by law and accounting firms are a $500-million-a-year business and have been growing at double digits.
  • In other instances, the American approach to privacy occasionally produces too much of it, notably when it comes to medical research. Federal privacy laws involving health records are often so stringently interpreted by bureaucrats that studies involving life-threatening diseases have had to be scaled back or canceled. A pioneering, decades-long study of strokes and heart attacks shut down this year when researchers weren't able to get the necessary patient-consent forms signed.
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  • A recent report from the Institute of Medicine says privacy laws have created a crisis for U.S. researchers. Lawrence O. Gostin, the Georgetown University law professor who presided over the study, complains that the consent forms that are a centerpiece of many laws don't even do a good job in protecting medical privacy. "Patients don't understand what they are signing," he says.
  • Lawyers who spend their workdays preparing privacy-related notices freely admit that scarcely anyone reads them. The yearly privacy updates from banks required by the 1999 Gramm-Leach-Bliley Act are commonly cited as especially useless; no less an authority than Ralph Nader says the mailings are among the biggest wastes of paper in human history."Whenever I am speaking, I ask the audience if anyone has ever made use of one of those forms," says Kirk J. Nahra, an attorney with Wiley Rein in Washington, D.C. "If even one person raises their hand, I am amazed."
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    Special interest groups and lawyers claim they are defenders of individual privacy. But all that red tape is causing more harm to consumers than good.
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