2020 trends in SOX compliance

2020-09-04 03:30

SOX & Internal Controls Professionals Group released a survey which measures the costs, execution, challenges and priorities faced by companies that comply with the Sarbanes-Oxley Act.

"In its fifth year, our survey reflects the broad experience of SOX professionals over time and presents a balanced perspective of the current state of SOX and internal controls management," said Camille Kearns Rudy, National Director of the SOX & Internal Controls Professionals Group.

"Importantly, the survey confirms that the C-suite views SOX as highly valuable in their organizations. This acknowledgement ensures that SOX will have access to institutional capital needed to thrive and be effective."

Improving efficiency in the SOX function was the top priority for SOX/IC practitioners in 2020.

More than half of the market currently uses a SOX-specific software to execute their SOX compliance program, but one-third still rely on spreadsheets and desktop publishing tools.

News URL

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