How technology transforms SOX processes
A recent 2018 report by Protiviti1 found that the majority of companies surveyed have seen an increase in hours and costs spent on Sarbanes-Oxley (SOX) compliance. One of the key findings of this report was that a mere 28% of respondents were using technology for control testing.
In many industries, modern software technology and the smart use of data analytics have transformed core business processes, including customer service, marketing, and sales. There’s great opportunity for auditors and others involved in SOX compliance to do the same. Taking a technology-enabled approach to SOX processes affords the chance to rethink processes that may have been in place for 15 years or more and make real change and improvements—to deliver massive business benefits.
In this eBook, you’ll discover how technology can make significant improvements in your SOX compliance processes and help you:
- Increase collaboration among the Three Lines of Defense
- Leverage data and analytics to achieve greater insights into relationships between risks
- Automate processes and reduce the time and resources involved in control testing
- Get started on the path to improved SOX compliance today
1Benchmarking SOX Costs, Hours and Controls, Protiviti, 2018