The SEC will be grateful to hear the conclusions of a CFO survey on Sarbanes-Oxley compliance released earlier this month. CFOs, according to the survey, are concentrating on compiling data for company performance rather than hunting for short-term solutions to coping with Sarbanes-Oxley regulations.
But US compliance will be more worried by news that two-thirds of respondents need at least three days to report any changes in corporate financing. This poses questions about the ability of corporates to meet real-time obligations for Sarbanes-Oxley reporting.
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