Resources for Sarbanes-Oxley (SOX)

Compliance: Benefits of SOX Debated As Cost to Carriers Dips

Insurancenetworking

Insurance industry experts will argue for a long time about exactly how much the Sarbanes-Oxley Act (SOX) has cost the insurance industry. They probably can agree, however, that those costs are significant.Carriers incur the costs making sure they comply with the act, which aims to make corporate executives responsible for the accuracy of their financial statements and for the internal controls that minimize errors and reduce fraud.

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