SOX spending less than a quarter of $27.3 billion earmarked for compliance in 2006 as companies focus on broader governance, risk issues
Less than a quarter of corporate spending on compliance in 2006 will be devoted to meeting the requirements of the Sarbanes-Oxley Act, with companies focusing on broader compliance issues as they continue to contend with government regulations and tighter governance and risk policies, according to a new report from Boston-based technology consultancy AMR Research.
Corporate spending on compliance in 2006 will reach $27.3 billion, with $6 billion (or 22 percent) allocated to the Sarbanes-Oxley Act, AMR reported in "Spending in an Age of Compliance, 2006." Based on a recent survey of 325 North American business leaders and IT professionals, the report predicted that spending will climb even higher in 2007, with companies devoting $28 billion to compliance initiatives.
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