February 2005
SOX: Measuring the Costs and Searching for Tangible BenefitsBy Patrick Taylor
After spending millions in 2004 to comply with the first phase of Sarbanes-Oxley (SOX), compliance officers and financial executives should evaluate their return on compliance. While the tangible benefits may be difficult to value today, most financial executives (57%) describe their company's SOX compliance as a good investment for stockholders, and 70% say they have stronger internal controls after complying with the law, according to the 2004 Oversight Systems Financial Executive Report On Sarbanes-Oxley Compliance.
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