More than three years after the passage of the Sarbanes-Oxley, members of the business community have shifted their focus toward balancing SOX activities with other business priorities. Internal audit has been one of the areas in which companies have sounded the call for getting back to basics. That’s because internal audit led the Year One 404 compliance effort at most companies, which proved to be a Herculean task—often accomplished at the expense of the function’s other duties.
