Survey IDs Sarbanes-Oxley compliance gaps

California CPA, August, 2004

Most internal auditors believe their internal audit functions related to the Sarbanes-Oxley Act still have a ways to go before reaching full compliance.

More than 90 percent of internal auditors surveyed say they have identified gaps in their organization's internal controls. Of those, 50 percent said their organization's were putting together compliance processes with outside experts.

The biggest internal control gaps were a lack of process control-related documentation (34 percent), followed by formal review and approval gaps and segregation of duties (19 percent).

More survey results can be found at www.jeffersonwells.com.

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