Then and Now: Expectations and Reality of Sarbanes-Oxley

  • Item No. : 5008
  • ISBN : 978-0-89413-626-9
  • Publisher : The IIA Research Foundation
  • Publish Date : September 2008
  • Authors : Glen L. Gray, PhD, CPA
  • Media : Paperback
  • Page count : 105
  • Member Price : $35.00
  • Non-Member Price : $45.00

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The Sarbanes-Oxley Act of 2002 was truly a paradigm shift for many organizations in terms of governance and resources. This study reviews the early expectations of organizations regarding what it would take to achieve full compliance, and contrasts how the reality of the intervening years since 2002 matched those early expectations.

According to feedback from internal auditors in this study, not surprisingly, Sarbanes-Oxley has been challenging in terms of changes and costs for both the organization as a whole and the internal audit activity. However, some important and sometimes unexpected benefits have resulted from the activities undertaken to become compliant with the Act.
Readers of this report should be able to identify additional ways to reduce the costs and disruptions of Sarbanes-Oxley and to identify additional benefits that can be derived from Sarbanes-Oxley activities.