Keeping Pace with SOX Compliance – COSO, Costs and the PCAOB

Every year, one of Protiviti’s most highly anticipated studies is our Sarbanes-Oxley Compliance Survey, in which we assess the current state and maturity of SOX compliance in public companies, along with factors influencing their efforts and costs. In our 2014 survey, the results of which we released today, there are a number of notable takeaways suggesting that, as a result of the new COSO framework and PCAOB inspection reports, among other factors, new hurdles are emerging in the SOX compliance process.

Infographic-2014-SOX-Compliance-Survey-Protiviti

Our key findings:

  • Companies are getting started, albeit slowly, with implementing the new COSO framework.
  • There is measurable fallout from the PCAOB’s inspection reports.
  • Compliance costs are going up but are still manageable for many.
  • Organizations continue to automate more processes and controls.

For more information and detailed survey results, I invite you to visit www.protiviti.com/SOXsurvey. Also, you can check out our infographic and video here.

Jim

https://www.youtube.com/watch?v=VnTnYi2NzAs

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