Accounting Software 411 - The Compliance Chasm

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The Compliance Chasm

Product Name:	Revenue Recognition and Sarbanes-Oxley Compliance by Softrax - a division of AFS Financial Solutions
Download Type:	White Paper
Format:	.PDF
Published:	10/3/2006

Description:
RevenueRecognition.com in association with IDC, present the findings from a survey of 220 business leaders on the perceptions of the costs and effectiveness of complying with Sarbanes-Oxley sections 302 and 404. The report shows that while costs are front loaded, there is proportional value once companies get through the full compliance process. However, there are distinct differences between companies that crossed the compliance chasm and rated effectiveness equal to or higher than costs and those that did not. Other findings include total person-years required, average increases in external audit fees, key process risks, and automation plans.

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