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Sarbanes-Oxley Compliance Hours on the Rise, Despite Technology

 

Many audit teams are neglecting to implement new technologies that could reduce the time needed for SOX audit requirements.

LLumin's Insight
Hours spent by businesses on compliance with the Sarbanes-Oxley Act (SOX) rose 10% from 2018 to 2019, according to nearly 60% of respondents in an annual survey conducted by consultancy Protiviti. Why? The company cites that 47% of respondents have neglected to apply technology to this compliance process. Tech-powered operations software from LLumin, Inc. allows firms with manual and fragmented efforts to employ automation that streamlines the SOX compliance process.
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