Protiviti recently released their 2017 Sarbanes-Oxley Compliance Survey.
This year’s survey results clearly indicate a year over year trend in rising hours devoted to SOX compliance, as well as increasing external audit fees. The majority of companies are also feeling the impact of the PCAOB on IPE testing and are updating their controls documentation to adapt to the new ASC 606 revenue recognition guidance.
Below, we have highlighted several of this year’s key findings in the following infographic which you can share with your Internal Audit team and external auditors.
As you take these survey results into consideration for your SOX program, SOXHUB can help. Learn how SOXHUB’s centralized database solution can help your organization reduce administrative hours spent on SOX, free time and resources for value-added activities, eliminate version control issues, and help companies transition to the new revenue recognition standard. Learn more here or request a demo.