From www.accountingtoday.com: Gen AI has the potential to significantly streamline compliance with the Sarbanes-Oxley Act (SOX) by automating tasks such as risk assessment, control testing, and reporting, thereby increasing efficiency across the SOX lifecycle.
Companies, especially newly public ones, can leverage gen AI to enhance their compliance processes, reduce time spent on routine tasks, and improve decision-making through real-time insights and automated documentation generation.
As gen AI continues to evolve, it may transform SOX compliance from merely a regulatory requirement into a strategic asset that delivers tangible business benefits.