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.
Joseph Yeon was Director of Solution Advisory Services at AuditBoard. Joseph spent over 12 years working in financial services, leading Audit, Accounting, and Finance teams at Deloitte, NuVasive, and Kaiser. Joseph works with SOX and internal audit departments to automate and streamline their processes, and develops lean strategies for new and upcoming compliance requirements. Connect with Joe on LinkedIn.