Wednesday, June 29, 2005
Nearly Half the Nation's Largest Companies Say Their SOX Compliance Has Not Been Institutionalized
Resources Audit Solutions, the Enterprise Risk Management and Internal Audit service line of Resources Global Professionals (Parent Company), an international professional services firm, released survey results that indicate nearly half of the nation's largest companies have not institutionalized their Sarbanes-Oxley (SOX) compliance and their compliance management software is not yet enterprise-wide.
The results also show that while many of the companies are experiencing the impact of SOX at all levels of their business, they have not been quantitatively measuring the return on investment (ROI) of their significant SOX compliance efforts, including compliance management software. This is despite the fact that respondents have invested in an average of two or more external firms for SOX compliance support.
posted by Brian Moran @ 9:49 AM