More grist for smaller reporting companies unhappy with your compliance burdens: Although companies of all sizes continue to invest in Sarbanes-Oxley compliance, smaller companies still report less benefit from the effort.
Recent survey results released by Protiviti showed 58 percent of companies reporting increased audit fees, and 45 percent planning moderate to significant automation upgrades in relation to SOX. Only 52 percent of small companies, however, reported moderate to significant improvements in their financial reporting structure since implementing SOX, compared to 70 percent of larger businesses.
