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Big Four Roll Out Sarbanes-Oxley 404 Costs Report

Big Four Roll Out Sarbanes-Oxley 404 Costs Report

by Rick Turoczy on April 19, 2006

An independent report, backed by data from Big Four clients, shows that corporate auditing costs for Sarbanes-Oxley 404 compliance dropped significantly in 2005.

The report found that the average costs for 58 Fortune 1000 companies dropped 44 percent last year, to $4.8 million. That was slightly higher than the consulting firm’s December prediction of 42 percent.

Meanwhile, the study found that the 66 publicly traded companies surveyed (with market capitalization between $75 million and $700 million) saw a smaller decrease in costs. Compliance costs dropped 31 percent, to $860,000 last year. CRA’s December study had expected a drop of 39 percent.

Big Four Roll Out Sarbanes-Oxley 404 Costs Report

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