Close scrutiny of corporate governance and greater responsibility placed on directors to vouch for the reports submitted to the SEC and other federal agencies, have resulted in the growth of software solutions aimed at reducing the complexity, time and expense involved in creating the reports. This trend accelerated in 2008 with the passage of the Dodd–Frank Wall Street Reform and Consumer Protection Act.
Close scrutiny of corporate governance and greater responsibility placed on directors to vouch for the reports submitted to the SEC and other federal agencies, have resulted in the growth of software solutions aimed at reducing the complexity ti:me and expense invol:ved in creating the reports This trend accelerated in 2008 with the passage of the Dodd–Frank Wall Street Reform and Consumer Protection Act.