It has been 15 years since the Sarbanes-Oxley Act became law, and while many organizations have settled into complying with its requirements, the compliance process continues to not only be dynamic, but also a subject of ongoing interest. Chief audit executives, chief financial officers, and other finance and internal audit leaders eagerly seek benchmarking data on costs, hours, control counts, and much more, as they determine how and where to streamline compliance activities while addressing numerous regulatory and market changes.
These data points, and much more, can be found in the results of Protiviti’s latest Sarbanes-Oxley Survey, Fine-Tuning SOX Costs, Hours and Controls / Infographic. All results presented in this report are from publicly held organizations.
- Compliance costs appear to be trending down…or are they?
- Hours continue to go up
- Use of outside resources is on the rise
- Control counts are up
- Revenue recognition, cyber security and the PCAOB are influencing forces
- SOX work continue to be viewed as having a positive effect