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CFOs: Sarbox benefits plentiful, but risks still high
We've heard a lot of people voice the view that Sarbanes-Oxley compliance done well can yield lots of strategic benefits--if only as a way to slice and dice to support strategic ends. A new survey by BDO Seidman confirms that most CFOs believe Sarbox compliance activity has led to improved processes in general. Interestingly enough, a majority also believe that "risk-taking" has not been curtailed. It may be that the risks Sarbox attempts to control stem from human impulses--rogues, mainly. If they are motivated, they can circumvent controls. Still, at least there are other benefits.
For more:
- here's the release (scroll down for the 404 section)
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