US firms expect to pass the compliance test

Almost 100 per cent of US firms believe they will pass the Sarbanes Oxley test.

According to research from security solutions firm Netegrity, 97 per cent of firms said it was likely they would pass the Sarbanes Oxley compliance test (section 404).

Respondents said they were most concerned about the ability to audit business processes to ensure control over financial systems.
Identity and access management software was identified as the most commonly deployed technology to help meet the compliance regulations. Nearly half (43 per cent) of companies had deployed identity and access management software to meet the standard.

Respondents saw business continuity and disaster recovery as a secondary problem.

Thirty-six per cent of respondents said they would spend between $50,000 and $250,000 to pass the test, while 26 per cent were planning to spend between $250,000 and $1,000,000.

More than 100 senior IT and corporate professionals participated in the survey.

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