Cost Of Compliance Can Only Go Up

By Steven Marlin and TechWeb News
Courtesy of InformationWeek

The global market for compliance information management will grow at 22% a year through 2009 and pass the $20 billion mark that year, market research firm IDC said in a report last week.
The Sarbanes-Oxley Act is among the federal regulations driving this spending. Compliance with its section 404 financial-reporting requirements has come at a steep cost for many businesses, with greater-than-anticipated personnel, consulting, auditing, and software expenses, according to a survey by Financial Executives International, a professional association of CFOs, treasurers, and financial controllers.

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