Search results for: "SOX compliance costs"
A Question on SOX Compliance Costs
Brace yourselves, SOX compliance professionals! A new government report finds that Sarbanes-Oxley compliance costs are generally higher for large public companies, but more onerous for smaller ones — confirming what everyone in the field has already known for, like, the last 20 years. The report was released by the U.S. Government Accountability Office last Friday.…
Read MoreSurvey: SOX Compliance Costs Rise Again
Sarbanes-Oxley compliance executives looking to pull out even more of your hair, we’ve got you covered! A new report concludes that SOX compliance costs are rising for many types of companies, and technologies that hold the most promise to reduce costs aren’t being widely adopted. That cheery news comes from Protiviti, which released its 2018…
Read MoreSOX Costs Drop; Struggles Don’t
Sarbanes-Oxley compliance costs fell for many companies last year, according to an analysis released this week — although time spent on SOX compliance work actually rose, suggesting that many companies are struggling to implement automation technologies even as demands from their audit firms keep rising. In other words, as usual, SOX compliance is a bit…
Read MoreSOX Compliance Struggles Onward
SOX compliance professionals trying to find your place in the world may want to read the latest survey from the SOX Professionals Group. It’s full of benchmarking statistics about the challenges of Sarbanes-Oxley compliance this year and the technologies compliance teams are eyeing to get the job done. The report, “2020 State of SOX &…
Read MoreReport: SOX Costs, Hours Rising Again
Protiviti just released its latest report on Sarbanes-Oxley compliance practices, and internal audit professionals may want to brace themselves. Costs are rising, manhours are rising, automation isn’t happening nearly as quickly as one might hope — and that was all the case before Covid-19 made everything more difficult. The report surveyed 735 internal audit professionals…
Read MoreReport: SOX Compliance Still a Pain
Internal auditors might want to look at a new report on Sarbanes-Oxley compliance that paints a rather drab picture of things these days: SOX compliance duties crowding onto your plate, costs going up, and compliance teams adopting new technology at a pace less than people might like. The report, from the SOX Professionals Group and…
Read MoreGraphics Firm Draws $10M FCPA Settlement
A global printing and graphics business based in Wisconsin has agreed to pay $10 million to settle FCPA charges with the Securities and Exchange Commission, in an eye-popping case with misconduct that included bribes to judges, sales to Cuba, and just about every corporate compliance mistake a company could make. The company in question is…
Read MoreSOX Compliance: Costs Down, Hours Up
Protiviti has released its annual study of SOX compliance costs — a mixed picture where compliance costs are drifting downward overall, even while the hours spent doing SOX compliance work are on their way up. The report polled nearly 700 finance or audit executives. Frankly, the statistics about SOX compliance costs don’t tell us much,…
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