2018 State of the SOX/Internal Controls Market Report
The SOX & Internal Controls Professional Group, EisnerAmper, and Workiva sponsored a survey in May and June 2018 that polled SOX and internal control professionals from companies representing a wide range of industries, sizes, and SOX process complexity. The survey questions focused on the state of SOX and internal control processes, costs associated with compliance, and the top challenges as ranked by respondents.
This is the third annual survey, following surveys published in September 2017 and September 2016. The survey results refl ect various levels of current process maturity and evolving discipline as practitioners aspire to modernize processes and make them more effi cient.
More than 500 SOX professionals participated in the 2018 State of the SOX/Internal Controls Market Survey, a signifi cant increase in respondents from the two previous surveys. Regardless of the differences in sample size, we can reliably follow trends and draw conclusions by asking the same questions each year to a group of respondents who share the same challenges and opportunities.
The survey respondents were primarily located in the United States and represented companies from less than $75 million to more $5 billion in annual revenue. The survey results represent departments of all sizes, ranging from fewer than fi ve professionals to hundreds of people involved in the compliance process.