Statistics for SOX compliance 2646

  • Does anyone know where a company can get some information about Pass/Fail rates for first time SOX audits?
    We are looking for benchmarking ideas.

  • If you mean whether the external auditor’s opinion on the effectiveness of internal control over financial reporting was ‘effective’ on the first audit, you should consider However the subscription for auditanalytics is rather expensive. offers a free 30 day trial subscription and occasionally had articles about those statistics.
    You can of course do a manual sample by reviewing the annual reports of filers on forms 10-K, 10-KSB, 20-F and 40-F in EDGAR on
    Keep in mind that the first fiscal year of compliance depends on whether the issuer is a domestic issuer or a foreign private issuer and whether the issuer’s market capitalization makes him a non-accelerated filer, an accelerated filer or a large accelerated filer. Non-accelerated filers (i.e. below 75 million USD market cap) still have not had their first audit of ICFR.

  • Thanks for the reply, I will check out the information you’ve provided.

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