Firms look to trim SOX compliance costs on 20th anniversary
Companies can get a "reasonable" level of assurance on their internal controls.
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Companies can get a "reasonable" level of assurance on their internal controls.
Sue Coffey of the AICPA shares the latest trends and newest developments in this fast-changing corner of the profession, and looks ahead to what's next.
Two decades after passage of the Sarbanes-Oxley Act, public companies are spending more time and money trying to comply with SOX requirements, despite the increasing use of technology to automate the process.
Jennifer Wilson, the leader of Convergence Coaching, says that technological advance combined with changing client demand will lead the remote audit to become the norm.
The future is bright for auditing technology, but auditors need to embrace it.