Monday, July 30, 2007

How to blow $3 million in taxpayer funds



You read things like this and it makes you wonder why you bother paying taxes at all. In this case, the Public Company Accounting Oversight Board (PCAOB) spent $3 million on a document management system from Documentum, and it has been a complete waste of money.



The PCAOB tries to blame itself for the waste, but the reality is that it's a combination of overpriced and overly complex software wrapped in a proprietary license, and an effort to force-feed square-peg technology onto round-peg people.



Open source could have dramatically reduced the PCAOB's risk:


...

Source: http://news.com.com

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