Mazars worldwide survey
on the Sarbanes Oxley Act:

• Latin-American companies convinced of the benefits of SOX
  
  88% of the Latin-American companies questioned consider that SOX is adequately focused on their major risks and 81% declare that SOX will make it possible to improve the transparency of Annual Reports.
  All the Latin-American companies surveyed believe that SOX will make it easier to compare the reliability of internal control systems.
  In addition, 81% consider that the benefits compensate for the costs involved.
  
  
  
• Ready, but…
  
  The Latin-American companies questioned either began installing their project in 2003 (38%) or in 2004 (44%). They therefore seem to have anticipated the complexity of compliance. But this anticipation is to be moderated; in fact, the date of introduction, deferred to 2006, was initially planned for 2005. This is an important element to underline, particularly concerning the 20% of Brazilian companies who only initialised their project in 2005.
  
  
  
• Delisting: some hesitation among the Mexicans
  
  100% of Brazilian companies surveyed state that they do not consider exiting from the American market list.
  In Mexico, 66% of companies chose to not express an opinion, 17% declare that the constraints linked to compliance with SOX will not lead them to exit from the listing, and 17% consider that it could “possibly” be the case.