Since the passage of Sarbanes-Oxley more than three years ago, more than half of public and private companies participating in a survey revealed that they have changed their respective revenue recognition policies as a result of the sweeping reform act.
A poll conducted by found that 55 percent of 400 SEC and private issuers have changed policies on revenue recognition, with the changes ranging from "moderate to significant."

The survey also found that companies' compliance processes are in need of additional investment. Only 14 percent of public companies rated their compliance processes highly efficient, while 58 percent said that their compliance processes may require additional investment. Some 24 percent said that an additional investment would be required.

Survey participants ranked the top three ongoing control risk or remediation challenges as workflow and approval processes, eliminating spreadsheets, and revenue

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