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While Sarbanes-Oxley originally passed in the wake of large public corporation scandals, public and private small- and medium-sized businesses (SMBs) are increasingly feeling the pressure to be compliant with federal, state and industry regulations. Spending on financial compliance management technology will increase to between 10 and 15 percent of total IT budgets in 2006, up from less than 5 percent in 2004, according to a new survey by the market research firm Gartner Inc.
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