Approva Compliance Survey Results: Majority of Public Company Executives Believe Sarbanes-Oxley Act Has Had a Positive Impact
Posted on July 12th, 2007 by Michael Evans »Permalink
A week into our SOX 5th Anniversary Celebration, we thought we would take a break from the celebrations and focus on more serious matters – namely, the opinions of over 245 public company executives who responded to Approva’s Compliance Survey: Sarbanes-Oxley Five Years Later.
Despite widespread media coverage that public companies are begging for a reprieve from SOX, Approva’s survey found that 83 percent believe the Sarbanes-Oxley Act has had an overall positive impact on their companies. And 63 percent believe SOX has been successful in preventing corporate fraud. Seventy percent of respondents believe that investments in SOX compliance will provide benefits beyond compliance alone. Now, that is some serious ROI.
What other interesting statistics emerged from the survey? Check out the complete survey findings.
Don’t forget to post your comments on the survey findings, as we’d love to hear what you think.
Tags: Approva, SOX Survey, Sarbanes-Oxley, ROI