Pressed by risk-averse auditors and stringent regulators, finance executives say they’ve been awash in a vast sea of details, with little ability to set priorities about what to focus on in their compliance efforts, and many finance chiefs favor a “risk-based” strategy of Sarbox adherence. Instead of pursuing a checklist approach that calls for managers to put the same level of effort into mending each risk, the strategy would enable executives to channel corporate energies into the most serious problems. 

(Source: CFO.com, 2006-02-10) 

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