The IIA Advocates for SOX Modernization to Enhance Investor Protection and Efficiency

The Institute of Internal Auditors (IIA) has issued a public policy paper proposing updates to the Sarbanes-Oxley Act (SOX). These recommendations aim to bolster investor safeguards and streamline operational efficiency by better integrating the internal audit profession into the SOX framework. The IIA emphasizes the need for SOX to evolve with the changing risk landscape, reducing compliance burdens while maintaining market integrity.