I had another thought on this topic.
Maybe SOX Isn’t the Problem After all? Maybe it is External Audit!
Tags: 404, 404 audit, audit costs, Sarbanes-Oxley
I recently responded to an article posted by James Dornbrook Staff Writer of the Kansas City Business Journal. It is really unfortunate that people are spending so much money on SOX compliance. As always, we strongly encourage everyone to consider their options when implementing SOX. It doesn't have to be an expensive, overbearing experience. I do get a kick out of the executives who act as though they are victims of the SEC now because of SOX; it is almost as though they were forced to go public under duress...in any event, the article and my comments can be found here.
Tags: 404 audit, audit costs, risk management, audit scope, external auditing