September 22, 2008

SOX Costs are Dropping – Companies Improve Compliance and Operational Efficiencies

By Steve Stanek, KnowledgeLeader contributing writer

According to a recent survey by Financial Executives International, Sarbanes-Oxley Act (SOX) compliance costs have fallen by more than half since 2005. In this article, Patrick Taylor, CEO of Oversight Systems Inc., attributes greater awareness of risks and processes that need to be audited, and more use of automation, as big reasons for the lower expenses. Taylor also reminds companies to be aware of the Foreign Corrupt Practices Act, in addition to focusing on SOX compliance.


   

SIGN UP FOR A 30-DAY FREE TRIAL

We invite you to use the tools and resources within KnowledgeLeader for free for 30 days so you can discover for yourself how this service will improve your internal audit and risk management capabilities.

Your free trial will expire automatically. There is no obligation to purchase a subscription.

   

LEARN MORE