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Life Insurer CFOs Concerned about Sarbox Costs

Implementing Sarbanes-Oxley and the demands required to meet the internal control requirements of Section 404.

> > In a recent report half are worried that implementing Sarbanes-Oxley will distract key management from other high-priority duties. These concerns, the report says, could overshadow the positive aspects of implementing Sarbanes-Oxley, including a more comprehensive consideration of risk management issues (57%) and improved financial transparency (43%).
According to the report, 93% of the respondents cite cost of compliance as a significant concern in general.
Source: CFO


Published:2004-08-17
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Capital Markets Report Urges 404 Fixes
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Wal-Mart Whistleblower Drops Lawsuit
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