While a majority of financial executives polled feel that compliance with the sweeping Sarbanes-Oxley Act was beneficial for shareholders and has bolstered internal controls at their respective companies, just as many think Congress needs to revisit the legislation in the near future.
Fifty-seven percent of 222 financial executives surveyed by SOX compliance monitoring solutions provider Oversight Systems felt that SOX compliance was a "good investment" for shareholders, albeit one that carried a high price tag. And 79 percent of respondents said that Sox compliance strengthened their company's internal controls. But while they supported Sections 302, 404 and 409 of the legislation, the vast majority (81 percent) said that lawmakers should re-examine the act in the future.
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