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SOX Efforts Could Be More Efficient, Poll Says

Tammy Whitehouse | December 28, 2009

Nearly three-quarters of finance professionals participating in a recent poll said their efforts to comply with internal control reporting and auditing requirements could be more efficient.

As part of its Inside Talk Webinar series, the Institute of Management Accountants and Ajilon Finance Solutions asked 210 accountants about their readiness to comply with Sarbanes-Oxley Section 404(b). That is the requirement for public companies to have their assessment of internal control over financial reporting audited by an external auditor.

So far, non-accelerated filers have escaped the requirement through numerous delays, the most recent of which pushed the requirement out to June 2010. Now as part of its financial and regulatory reform measures, Congress is considering...

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