Many Falling Short On The Sarbanes-Oxley Act

The Sarbanes-Oxley Forum (http://www.sarbanes-oxley-forum.com) reports that almost 50% of organizations still haven't developed plans to comply with the Sarbanes-Oxley Act.

(PRWEB) September 21, 2004 -- The Sarbanes-Oxley Forum (http://www.sarbanes-oxley-forum.com) reports that almost 50% of organizations still haven't developed plans to comply with the Sarbanes-Oxley Act.

Their onsite survey, of over 2000 different organizations, produced the following results:

Not Started 19.0%

Just Beginning Research 32.9%

Plan Created and Ready to Go 14.8%

Changes Being Implemented 16.7%

Almost Compliant 9.2%

Fully Compliant 4.5%

However, this doesn't tell the full story. For the most recent 1000 votes, cast from June to September, the figures are:

Not Started 19.2%

Just Beginning Research 29.5%

Plan Created and Ready to Go 13.5%

Changes Being Implemented 21.6%

Almost Compliant 11.2%

Fully Compliant 4.9%

This shows a clear drift towards compliance, with more activity ever more evident.

Unfortunately, the drift is extremely slow, although the rate of change does seem to be increasing. The coming months are bound to be interesting, therefore, with the deadlines fast approaching. The clock continues to tick...