60% Risk Sarbanes-Oxley Penalties

The Sarbanes-Oxley Forum (http://www.sarbanes-oxley-forum.com) reports that over 60 per cent of businesses have either not yet considered compliance with the Sarbanes Oxley Act, or have only just started researching for it.

(PRWEB) March 22 2004--The Sarbanes-Oxley Forum (http://www.sarbanes-oxley-forum.com) reports that over 60 per cent of businesses have either not yet considered compliance with the Sarbanes Oxley Act, or have only just started researching for it.

In their on-going on-site survey, completed by over five-hundred organizations, the SOX Forum found the following stark situation:

Not Started 19.07%

Just Beginning Research 40.47%

Plan Created and Ready to Go 16.74%

Changes Being Implemented 14.41%

Almost Compliant 5.72%

Already Fully Compliant 3.60%

The deadlines are fast approaching and the clock is ticking! Is your SOX plan in place yet?