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70% of executives engaged for four or more years in SOX compliance believe the benefits of compliance outweigh the costs.
In their first year of compliance, only 39% of those executives felt the pros of SOX compliance outweighed the cons.
87% of all executives believe SOX compliance offers at least some benefit beyond fulfilling SEC demands.
Executives report a 50% reduction in compliance costs among organizations four or more years into their SOX compliance efforts.
Close to 80% of all organizationsexperienced or notautomate less than half of their SOX controls.
Nearly 70% of participants said their organizations remain highly dependent on spreadsheets, the top inefficiency in SOX compliance.
Almost half of organizations now perform all of their SOX compliance work in-house.
Outsourcing of SOX work is more common during the first years of compliance.