Survey IDs Sarbanes-Oxley compliance gaps.Most internal auditors Internal auditor An employee of a company who analyzes the company's accounting records to that the company is following and complying with all regulations. believe their internal audit functions related to the Sarbanes-Oxley Act See SOX. still have a ways to go before reaching full compliance. More than 90 percent of internal auditors surveyed say they have identified gaps in their organization's internal controls. Of those, 50 percent said their organization's were putting together compliance processes with outside experts. The biggest internal control gaps were a lack of process control-related documentation (34 percent), followed by formal review and approval gaps and segregation segregation: see apartheid; integration. of duties (19 percent). More survey results can be found at www.jeffersonwells.com. CHANGE FOR THE BETTER? 74% of CEOs say their companies have made changes in how ethics issues are handled and reported within the last two years. Business Roundtable Business Roundtable (BRT), an association consisting of the chief executive officers of major U.S. corporations that was founded in 1972 through the merger of the three preexisting business organizations. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion