SOX Center

Few Give Stock Options a Second Look ATLANTA–(BUSINESS WIRE)–Oversight Systems Inc. today released the results of the 2007 Oversight Systems Financial ExecutiveReport on Sarbanes-Oxley. The survey of 168 financial executives identifies growing benefits of continuous monitoring, improved management of year-three compliance costs and a positive jump in shareholder value.

The 4th annual survey found financial executives were bullish on the use of continuous monitoring in Sarbanes-Oxley (SOX) compliance, have begun to reign in the costs of year-three compliance, recognized a bump in shareholder value and report a risk-based approach to 2007 compliance.

Nearly two-thirds of financial executives (64 percent) see merits in using continuous monitoring as a detective tool in SOX compliance. Additionally, 58 percent feel it can serve as a preventative tool, 50 percent think it can facilitate management’s assessment of risk and help test the effectiveness of other controls, and 42 percent believe it can be used as a compensating or mitigating control.

Download the complete survey report

Yahoo!Finance: Oversight Systems 4th Annual SOX Survey Finds Financial Executives Hail Prospect of Continuous Monitoring, Bullish on Lower Compliance Costs