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May 16, 2013

Sarbanes-Oxley Compliance Survey Shows Need for More Scrutiny on High-Risk Processes

MENLO PARK, Calif.  – Demand for added attention to high-risk processes, growing costs and the increasing role of IT controls and testing reports are some of the key changes and challenges companies faced over the last year as they worked to meet Sarbanes-Oxley (SOX) requirements, according to findings in the 2013 Sarbanes-Oxley Compliance Survey (www.protiviti.com/soxsurvey) by global consulting firm Protiviti (www.protiviti.com).

 When executives and professionals involved in SOX compliance were asked what was driving the most change in their SOX compliance processes, 66 percent said there was at least moderate change due to demand for increasing process and control documentation for high-risk processes. Additionally, 60 percent of respondents indicated that the increased amount of time required for walkthroughs and documentation around processes was also driving moderate change.

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http://www.corporatecomplianceinsights.com/news/protivitis-sarbanes-oxley-compliance-survey-shows-companies-need-for-more-scrutiny-on-high-risk-processes