SOX compliance still not easy

July 22, 2019

Despite efforts and expectations to the contrary, the time and cost expended on SOX compliance have decreased little over the past decade, according to a new report by global consulting firm Protiviti.

The firm’s survey of finance professionals from 693 publicly held companies, 51% said SOX compliance hours increased in 2018. Among those, 59% said the increase was more than 10%. Just 15% of respondents said compliance hours decreased last year.

These findings suggest companies should evaluate where and how they can leverage analytics, robotic process automation (RPA), machine learning and other advanced technologies in their SOX compliance activities. Read more about the report.

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