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	March 9, 2006 Sarbanes-Oxley Compliance Software 2006: Momentum Will Shift To Controls Optimization by Paul D. Hamerman with John Ragsdale, Michael Rasmussen, Elisse Gaynor

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Executive Summary

Although Sarbanes-Oxley (SOX) compliance software was underutilized in the initial crisis-driven compliance cycle for Section 404, today many large companies are investing in it to make the process more sustainable and efficient. The market for SOX-related software is evolving at a rapid pace, with maturity and market leadership already established for SOX compliance management solutions, which focus on internal controls evaluation. The second wave of SOX technology is now breaking out, complementing SOX compliance management by providing continuous controls monitoring and automation using several approaches (e.g., access controls, transaction analysis, rule-based enforcement, and spreadsheet controls). The overall market for SOX-related solutions, currently $200 million, will peak in 2008 at $376 million, followed by a period of consolidation and repositioning into broader governance, risk, and compliance areas.

TABLE OF CONTENTS

• Technology Is A Key Element for SOX Efforts
• SOX Compliance Software Supplements Core Financial Systems
• The Market For SOX Tools Has Both Mature And Emerging Segments

RECOMMENDATIONS

• Achieve Compliance Efficiency And Reliability

WHAT IT MEANS

• SOX Compliance Software Will Evolve In Several Directions
• Related Research Documents

This is an excerpt