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A majority of CFOs (53%) at leading technology companies expect costs related to Sarbanes-Oxley compliance to stabilize this year, and they acknowledge that the once loathed Section 404 controls requirements have actually led to improved financial reporting processes (65%), according to BDO Seidman’s 2008 Technology Outlook Survey. Just over a third (35%) said 404 curtailed innovation. “Although technology companies were hesitant to adopt Section 404 of Sarbanes-Oxley, the majority have realized improved processes due to their compliance efforts and do not believe 404 has adversely impacted their level of risk-taking,” said Hank Galligan, a partner in BDO Seidman’s technology practice.

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