Audit and financial managers at leading companies have serious concerns about sustaining Sarbanes-Oxley compliance procedures, a survey of 247 audit professionals at corporations with more than $1bn (£548m) in revenue has revealed.
The study, by US research body the Center for Continuous Auditing and ACL Services, found that 95% of respondents said Sarbanes-Oxley procedures could not be sustained if the costs and staff time required for compliance were not reduced.
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