Businesses have a lot of work ahead of them before they're fully compliant with federal data retention and financial reporting rules under the Sarbanes-Oxley Act, a new study concludes.
The survey, co-funded by PricewaterhouseCoopers and compliance software vendor Virsa, said businesses that hit their marks during the first year of reporting under the new law.
But the survey, published today, also found that many are struggling to implement automated business controls for staying in compliance.
Doug Laird, Virsa's senior vice president of marketing, said for many, the cost of compliance is too high and still involves manual effort, rather than automated systems.
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