Navigating the Evolving Landscape of SOX Compliance: Trends and Insights
Introduction The Sarbanes-Oxley Act (SOX) was enacted in 2002 to protect investors and the public from corporate accounting scandals and fraud. Since its inception, SOX compliance has been a critical aspect of financial governance and regulatory compliance for publicly traded companies in the United States. As the business landscape continues to evolve, companies must stay up-to-date with the latest SOX compliance trends and insights to ensure they remain compliant and avoid costly penalties. According to a survey by Protiviti, 71% of companies reported an increase in SOX compliance costs over the past two years. In this blog post, we’ll delve into the current SOX compliance trends and provide actionable insights for companies to navigate this complex regulatory landscape. ...