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Despite Sarbanes-oxley audit costs drop in US

Despite Sarbanes-oxley audit costs drop in US

by Rick Turoczy on April 4, 2006

Audit fees in the US, which rose sharply following the implementation of the 2002 Sarbanes-Oxley Act, have begun to fall, a report published in Compliance Week has revealed.

Large public companies (revenue of more than $5bn) in their second year of Sarbanes-Oxley compliance saw audit fees fall 0.6% in 2005, while overall, fees paid to external auditors fell by 7.4%.

Despite Sarbanes-oxley audit costs drop in US

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