The Sarbanes-Oxley Act (SOX) marks a new era of accountability for corporate officers. Firms will be scrambling to create policies and documentation to assign responsibility for “ownership” of all data used in consolidating financial statements for quarterly and annual reports. In many cases the data owner for financial reports will be the CIO. A proper baselining initiative also provides specific descriptions of roles, responsibilities, and required reporting procedures, thereby clarifying what needs to be done, by when, and by whom.”]