Posts Tagged ‘FASB’

SOX Compliance: Fraudsters Posing as Officials Selling “Compliance Solutions;” *NO* vendor Product Can Make an Organization 100% Compliant With ANY Regulation

Tuesday, April 24th, 2007

Something that has irritated me for a very long time are vendors who see a chance to make a quick buck off of worried organizations, afraid they are not going to be in compliance with new laws, and create junk products to sell to them using fear, uncertainty and doubt (FUD). FUD products.
I saw a lot of HIPAA FUD back when that regulation went into effect, and saw way too many people spending way too much money for so-called HIPAA security and privacy certifications offered by vendors who did not even have anyone on staff with any type of healthcare provider, payer or clearinghouse practitioner experience. Not to mention HIPAA compliance solutions.