So this morning the agencies are reporting that Saddam has been hanged – and I’m not quite sure what to think about that.
On the one hand I can’t accept that a person is killed by an other person. On the other hand I personally don’t know what is going on in Iraq, and what is needed there as striking action in order to make peace. This is all quite disturbing and it’ll take a while thinking about it.
In 2002 the Sarbanes Oxley Act (SOX) passed following the scandals around Enron and Worldcom. The main goal was to establish transparency structures within big US companies. SOX e.g. asks for processes in the company, who reports to whom, who has access to figures and how are decisions made regarding e.g how prices for products are computed and communicated.
SOX has been criticised for loading more bureaucracy to the companies employees – and it certainly does, because we are living in a 3 dimensional world. What I mean is, that for every manual step a human has to make it takes time and therefore money.
SOX on the other hand is a very good tool and reason to have a look at your processes and starting optimizing them – with e.g. more-dimensional software.
With more dimensional software I mean pieces of code, which are not intended to just do their job (like functions in a script) but to also report via a standardised API to a SOX control software. This could look like
and could so be identified and easily extended for SOX control software.
If code would report itself it was easily possible to control what is done in the deepest niches of corporate software and critical snippets could be identified and controlled. IT power is cheaper than human resources and new structures could be more easily integrated.
On the other hand with a real coding framework (which was compliant to the 2004 COSO framework, but pushes it into a more practical and pragmatical direction) the architecture of e.g. payment-systems could be done more easily: SOX then builds the quasi backbone of the billing system and system-wide standards were guaranteed. Especially from a security point of view a wishable aspect because daily work and email-systems offer security holes en masse.
OnVista launched a new service arimaxx some time ago: an automized analyzing system of your trading portfolio. But for now, your savvy might perform better.
OpenBC (XING) forecast by arimaxx (13.12.2006)
(38,80 EUR on 20th Dec 2006)
And OpenBC Xing stock price on 27th Dec 2006
As I expect a contious raise of the stock price to 50 EUR by the midth of 2007 – they’ve got a proven business modell, a good guys on the steering wheel and a well plan for international expansion.