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Sarbanes-Oxley spurs risky talk, little action

Sarbanes-Oxley spurs risky talk, little action

by Rick Turoczy on June 24, 2006

“With Sarbanes-Oxley, we’ve seen a big shift away from the finance-oriented CFO and back toward the accountant CFO, but this survey shows that your CFO can’t just be a bean counter. Your CFO must also understand risk management,” Hermanson said in the report.

The report also stressed that risk management is working its way into Sarbanes-Oxley compliance. Nearly one-third (30 percent) of financial executives surveyed said their internal controls audits employed more of a risk-based approach to evaluating control effectiveness.

Sarbanes-Oxley spurs risky talk, little action

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