Whether because of SOX costs running amok or increased regulatory and competitive pressure in general, a growing number of companies are moving more methodically toward automating more of their internal controls over financial reporting.
The demands on finance and accounting only continue to grow in the post-Sarbanes-Oxley era, as regulators continue to demand more precision in financial reporting, especially with regard to internal controls. And an onslaught of new accounting rules are still in the wings, waiting to be adopted, especially massive new requirements around revenue recognition and leasing.
