SOX requirements 'too consuming'
Management Intelligence
At the Institute for Internal Auditors (IIA) conference, New Challenges, New solutions, participants expressed concern that the audit function was made to disproportionately focus on the demands of the Sarbanes-Oxley Act. Some auditors said this is forcing them to move away from the risk-based audit plans they are supposed to follow.
"The truth is that management is depending too much on the internal audit function to perform the necessary work to comply with Sarbanes-Oxley. Although the law
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