Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Sarbanes-Oxley (SOX) is no longer a dirty word at most corporations. Nearly 82% of 253 audit committee members recently surveyed by The Center for Audit Quality say audit quality has improved in recent years. And early adopters are telling Mark Olson, chairman of the Public Company Accounting Oversight Board, that compliance costs for once dreaded Section 404 audits are falling, following the late 2007 implementation of Auditing Standard 5. “We’re hearing that companies–especially big global companies–are seeing immediate reductions in the internal cost of executing SOX, as well as in the amount of details required compared to [Auditing Standard 2],” Olson told attendees at Treasury & Risk’s conference, A Vision for Tomorrow’s Treasurer, in New York.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.