The decision by the U.S. Supreme Court earlier this week to allow the Public Company Accounting Oversight Board to continue its oversight of accounting firms with only minor operational changes brought renewed debate over the Sarbanes-Oxley Act back into the news and blogosphere.

The law, as many CIOs painfully recollect, requires publicly-held companies to document the controls and processes they have in place to run and monitor their financial operations. This has included the need for IT organizations to document the controls and processes that support financial systems used by their companies.