WASHINGTON--A growing number of firms have completed the transition to life under the Sarbanes-Oxley Act, the federal law governing financial disclosures and accounting, according to a survey released yesterday.
The study was conducted by New York-based Protiviti Inc. insurance consulting and audit firm, a subsidiary of Robert Half International Inc., Pleasanton, Calif.
It found that last year more than twice as many companies achieved a "rebalancing" in their internal audit departments, allowing them to refocus on traditional duties rather than being consumed with Sarbanes-Oxley compliance, compared with the number of firms in a 2005 survey.
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