Thursday, June 24, 2010

Sarbanes-Oxley Gains Some Acceptance, Survey Finds


It has been nearly eight years since the Sarbanes-Oxley Act was signed into law. And ever since, its worth has been the subject of hot debate by the chattering classes.

But in a new survey by the consulting firm Protiviti, 70 percent of the more than 400 respondents who have put into place accounting controls required by Sarbanes-Oxley at their companies said that the benefits outweighed its costs.

That positive figure appears to rise over time: only 39 percent of executives in their first year of Sarbanes-Oxley requirements found the impositions useful over all.

See full Article.