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Sarbanes-Oxley compliance cost estimates soar 62 percent

Sarbanes-Oxley compliance cost estimates soar 62 percent

by Rick Turoczy on September 1, 2004

Complying with Section 404 of The Sarbanes-Oxley Act will cost public companies an average 62% more than previously anticipated, according to a July 2004 FEI survey. The increase in Section 404 compliance costs stems from a 109% rise in internal costs, a 42% jump in external costs and a 40% increase in the fees charged by external auditors.

Sarbanes-Oxley compliance cost estimates soar 62 percent

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