June 2006 Survey: Compliance Spending is Leveling Off - ' It'
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's not yet clear whether compliance spending has peaked">
Compliance spending is finally peaking.
While nearly half say IT spending will increase, and two thirds are still investing in financial systems, there's been a drop in the percentage of IT budgets going to compliance, and the staff devoted to compliance at large and small companies. Spending has peaked for some companies, but overall, much depends on whether smaller companies will pour more resources into compliance-related work, now that the S.E.C. has made it clear in a statement issued on May 17, that they too will need to audit their internal controls under Sarbanes-Oxley.
Story Guide:
Finding 1: Many more companies report full compliance with recent regulations than did last year.
Finding 2: It's not yet clear whether compliance spending has peaked.
Finding 3: Compliance is driving spending on consulting, security and document management.
Finding 4: Regulations appear to be achieving what the government intended.
Read our previous surveys on compliance:
Compliance 2005: Is Automating Compliance a Waste of Money?
Sarbanes-Oxley 2004: Are You Ready to Comply?
Next page: Compliance is driving spending on consulting, security and document management.
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