CA survey: Spiralling compliance costs and manual processes

24.10.2008

Of the 13 common standards and regulations evaluated, the study showed that Sarbanes-Oxley Act of 2002 (SOX) had the biggest impact on cost, IT and the overall business. SOX was followed in cost by CLERP-9, an Australian corporate accountability regulation, and in impact on the IT organization by Basel II, a global standard that governs the capital adequacy of international banks.