Monday, February 27, 2006
Executive Survey: Growing Benefits to Sarbanes-Oxley
Despite its cost, The Sarbanes-Oxley Act continues to achieve its objective: bolster corporate integrity and investor confidence in U.S. public markets. The 2006 Oversight Systems Financial Executive Report on Sarbanes-Oxley surveyed 261 financial executives and identified growing benefits of SOX compliance.
The findings show an across-the-board increase in the benefits that respondents experienced in 2005 from SOX compliance as compared to those reported in 2004. The greatest increases were found in SOX’s ability to improve financial report accuracy, up to 47 percent from 27 percent in 2004, and the ensured individual accountability in financial reports resulting from SOX, up to 65 percent from 46 percent in 2004.
posted by Brian Moran @ 10:19 AM