When it comes to determining who will be responsible for maintaining Sarbanes-Oxley compliance for the long term, company size appears to be a key factor.
According to a recent study conducted by Parson Consulting, large public companies (more than $1 billion in revenue) have a greater tendency to appoint a dedicated compliance officer than smaller companies.
Conversely, more smaller public companies believe their internal audit department will take on the primary responsibility.
More than one-fifth of companies have not yet decided on the issue.
The results of Parson's study are available below.
Download Parson's Study On Implementation Challenges Of SOX 404
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