Buy custom SOX Compliance: Eleven Essential Controls for the SME
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| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1589 |
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Consequently, auditors did not take into account the limited resources for smaller businesses.
As a result, the one-size-fits-all approach cost SMEs a disproportionately higher amount than larger organizations in order to comply. To put this in perspective, a large company generally pays 0.1% of annual revenue to comply with SOX, while a smaller company has traditionally about 1%...
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To put this in perspective, a large company generally pays 0.1% of annual revenue to comply with SOX, while a smaller company has traditionally about 1%.
The new SME standard will also discourage auditors from conducting multiple tests of the same controls, instead relying on prior years’ audits for their assessments...
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