Rethinking Risk Management

Rethinking Risk Management

Many firms have allocated a disproportionate amount of resources to Sarbanes-Oxley compliance, according to a report by Protiviti (Menlo Park, Calif.), an internal audit and risk management consulting firm. The study, which surveyed internal audit professionals across industries, reveals that nearly two-thirds of companies will increase IT department audits as part of the process of rebalancing risk management resource allocation to address risks that have been overshadowed by SOX compliance projects.