Spending on technology to grapple with Sarbanes-Oxley and other compliance obligations is consuming voracious amounts of corporate IT budgets, as companies double or even triple their expenditures, according to a new survey.
The Gartner Group says preliminary results from its 2005 financial compliance survey show companies will increase their IT spending on financial compliance management to as much as 15 percent of the total IT budget in 2006, a huge jump from 5 percent or less only two years earlier.
