Sarbanes-Oxley (SOX) requirements will cause companies to increase spending on technology in 2006 while actual headcount numbers dedicated to compliance efforts will decrease slightly, according to a report released Tuesday.
After interviewing more than 300 IT and business leaders, AMR Research concluded that spending to meet the requirements of the federal compliance act will be $6 billion, essentially the same as the $6.1 billion expected to be spent in 2005.
"Budgets [in 2006] allocated to internal headcount are expected to fall by 8 percent while the technology allocation will grow by more than 13 percent in real dollars over 2005 numbers," AMR Research reported.
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