Treasury: regulatory concerns top treasurers' issue.

• Author: Marshall, Jeffrey
• Position: BusinessBriefs - Brief Article

Treasurers' concerns about regulatory compliance have zoomed up in just the last year, with more than 30 percent identifying it as the top issue this year, up from just 5 percent in 2003, according to the Corporate Treasury Management Survey conducted by Treasury Strategies Inc. Not surprisingly, The Sarbanes-Oxley Act is the chief driver of that concern.

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"This certainly reflects a strong trend we see with our corporate clients," says Mike Gallanis, a principal with Treasury Strategies. "There has been significant attention paid recently to Sarbanes-Oxley-related programs--verifying or improving Treasury controls, documenting control procedures and ensuring adequate and accurate Treasury reporting." Among survey respondents, 78 percent have Sarbanes-Oxley-related projects underway or planned for this year.

The survey...