Question

Do the benefits of SOX outweigh its Cost?

Answer 1

Definitely the benefits of SOx audit outweighed its costs as the benefits are magnanimous such that organisations have better corporate governance standards and compliance protocol and are saved from corporate frauds and malpractice through efficient risk management frameworks. It helps organisations brand image and save litigation costs as well as reputation through extensive auditing activities and leads to risk mitigation and uncertainty avoidance.

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