Free Pricing | JCPenney Coupons | Pizza Hut Coupons | Home Depot Coupons
Public Companies Find SarbOx Compliance Expensive

Public Companies Find SarbOx Compliance Expensive

by Rick Turoczy on March 23, 2005

Companies are spending much more than originally anticipated to comply with Section 404 of the Sarbanes-Oxley Act, according to a recent survey. Section 404 of the Sarbanes-Oxley Act of 2002 requires all public companies to establish an ironclad method of developing and maintaining an internal control structure and procedures for financial reporting, as well as a way to assess the effectiveness of the structures and procedures.

Expected benefits from Section 404 compliance include more reliable and accurate financial reports, leading to greater investor confidence.

Public Companies Find SarbOx Compliance Expensive

Leave a Comment

Previous post:

Next post: