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    08.11.11 Professor James Fanto on Sarbanes-Oxley in Business Insider
    James Fanto

    In Business Insider, Professor James Fanto comments on a recent report suggesting that companies are not working hard enough to comply to Sarbanes-Oxley (SOX), the 2002 act that aimed to reduce financial fraud. According to the report, companies are spending large amounts of money without automating the controls that allow for full compliance. Professor Fanto explains, "The assumption always was that costs would go down in time, as companies became more accustomed to SOX, and perhaps automated [but] the above data suggests that the costs are still significant and automation has not fully occurred."

    Read the full article.