New SOX Guidance Has Dramatic Effect: Survey

Law360, New York (June 30, 2008, 12:00 AM EDT) -- The U.S. Securities & Exchange Commission's effort to increase transparency regarding Section 404 of the Sarbanes-Oxley Act appears to be paying off, with a new survey asserting that more and more companies have slashed the time previously devoted to compliance in this area.

On Monday, Protiviti Inc. released the results of its 2008 Internal Audit Rebalancing Study, revealing that an estimated four in 10 internal audit departments have been able to reduce the amount of time dedicated to SOX guidance activities thanks to the SEC's publication...
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