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Compliance Survey: Public Companies Highlight Automation as Key to Realizing Business Value from Compliance Investment

Compliance Survey: Public Companies Highlight Automation as Key to Realizing Business Value from Compliance Investment

by Rick Turoczy on October 4, 2006

pprova® Corporation (www.approva.net), the leader in continuous controls monitoring and audit software, today announced the results of a survey of 200 high-level finance, internal audit and IT executives at leading public companies. According to the results of the survey (www.approva.net/survey), while the majority of companies that use software to automate their controls see business value in their investment beyond Sarbanes-Oxley (SOX) compliance, most have yet to implement such a solution. Further, the survey found that many companies still manually audit a large portion of their organization’s internal controls. The survey also explored companies’ compliance technology spending plans, the adequacy of ERP controls and the perceived effect of SOX on corporate fraud and investor confidence.

“Companies today are realizing that it is in their best interest to build a well-controlled environment across their organization,” said Rick Cobb, chief operating officer for Approva. “Controls automation technology touches all departments, employees and operations and offers overarching benefits to companies which range from a reduction in audit preparation time to the near removal of human error.”

Key findings from the Approva survey include…

Compliance Survey: Public Companies Highlight Automation as Key to Realizing Business Value from Compliance Investment

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