SOx compliance shouldn’t rest solely with CFO, says report

As pressure to comply with Sarbanes-Oxley regulations mounts, a new report by AberdeenGroup demonstrates that companies that involve much of the organization in their SOx review process are experiencing lower costs and increased profits. By contrast, companies who limit SOx reviews to a small group of senior management have the worst performance records.

“The Automating SOx Compliance Benchmark Report” found that companies can achieve greater results from their SOx review process by using a combination of business process analysis, project management, and changes to technology to go beyond the minimum requirements imposed by SOx to significantly improve operating results while introducing continuous business improvements.