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U.K. Firms Struggling with SOX 404

U.K. Firms Struggling with SOX 404

by Rick Turoczy on July 20, 2006

More than 100 U.K. companies are coming to grips with the more onerous internal control requirements of the Sarbanes-Oxley Act.

International companies with market caps of more than $135 million listed in the United States must be SOX-compliant for filings following July 15. U.K. companies are expected to spend $350 million to comply with SOX section 404, which mandates audits of internal financial controls.

U.K. Firms Struggling with SOX 404

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