Companies on the non-accelerated filing track also received a boon from the SEC last month. They must begin to comply with the requirements for their first fiscal year ending on or after July 15, 2005, a three-month extension on the original deadline of April 15 next year.
Even with the extra time to comply with SOA, there is still much work to do, Gartners analysts say.
Lane Leskela, research director at Gartner says, The biggest challenge is the management of the underlying unstructured IT systems. A lot of the SOA-affected information could be in systems like email, for example."
During the borrowed time with the deadline extension, Leskela suggests, IT managers should perform a gap analysis -- a study of where the IT systems are now, compared to where they need to be after theyre SOA compliant.
He also suggests they improve their records management systems and risk-management infrastructures, although this may not necessarily involve buying new kit. "Before going out to buy additional risk management software, companies should check whether they already have the applications in place that can do the job, such as operational risk and records management software."
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