Cost containment, tech adoption, and the SEC’s new cyber and ESG mandates are the dominant areas of focus for SOX teams in 2023, according to Protiviti’s latest SOX Compliance Survey report, published in collaboration with AuditBoard. Companies are tackling expanding control environments brought on by new regulations by utilizing technology to streamline and automate their controls and testing activities.
More than 60% of SOX compliance programs use an audit management and GRC platform to enable compliance, and three out of four organizations are seeking opportunities to further enable automation in their program. Download the full report, The Evolution of SOX: Tech Adoption and Cost Focus Amid Business Changes, Cyber and ESG Mandates for insights on this year’s survey, including:
- How organizations are addressing the SEC’s proposed climate change disclosure rules using ESG and human capital metrics.
- Why source code reviews are driving more comprehensive evaluation of automated controls.
- The importance of data governance, change management, and upskilling when implementing new cutting-edge technologies.