Six Benefits of Sarbanes-Oxley Compliance - Slide 7

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Six Benefits of Sarbanes-Oxley Compliance-7
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Thirty-four percent of respondents say compliance costs - particularly for Section 404 and Section 302 requirements - decline as the compliance effort advances beyond the first few years.

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As much as accelerated filers griped about the burden of Sarbanes-Oxley compliance in the initial years, one part of a new study from business consulting and internal audit firm Protiviti revealed that their tunes change a bit as they gain more experience with meeting those requirements.

Specifically, in the survey of more than 400 executives and professionals across a variety of industries, 70 percent said the benefits of Sarbanes-Oxley compliance outweigh the cost. Over time, the many man hours and all the money spent on software to automate controls, consultants, auditors, filing fees, etc., pays off.
 

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