Stamford, Conn. (Dec. 12, 2003) -- Forty-nine percent of firms believe Sarbanes-Oxley is a necessary cost of doing business, and 39 percent say SOX will eventually make them more competitive, according to a poll by information technology research and consulting firm Meta Group Inc.

In addition, 71 percent of companies believe they will meet SOX’s conditions by their required deadlines, according to Meta, which predicted that many companies will go beyond mere compliance and will use SOX as a way of improving business efficiency.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access