Powered by InformationWeek Business Technology Network
Topics:
Compliance
Prediction No. 2: Manpower Reductions
The AMR report found that overall SOX compliance spending will be approximately $6 billion, essentially unchanged from the $6.1 billion expected to be spent in 2005. But it looks like more of that money will be earmarked for technology next year as the study found that 2006 headcounts for SOX compliance are expected to fall by 8 percent Meanwhile, the SOX technology allocation will grow by more than 13 percent in real dollars over 2005 numbers, according to AMR. That can only mean one thing: Companies are substituting sustainable automated processes for manual approaches to compliance management. And the good news is that such automation will also reduce the manual processes that auditors will need to perform and help drive down auditing costs as well. Pat yourselves on the back. « Google's "Space" Is (Mostly) Online | Main | Daily News Podcast, Thursday, December 1 » |
| Sign Up Now For InformationWeek News Alerts |