The fourteenth annual Sarbanes-Oxley Compliance Survey finds that 74% of organizations seek opportunities to further enable automation, while 58% reported increased hours spent on compliance in the last year. Companies are prioritizing investments in automation and broader enabling technologies, such as artificial intelligence (AI) and machine learning (ML) to support SOX compliance activities. These technologies help counteract pressure from the PCAOB and external auditors to increase scope and procedures. The SEC’s recently adopted rules related to cybersecurity disclosures and highly anticipated climate disclosure rules only increase the potential for expanded scope.

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