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Sarbanes-Oxley audits too costly, regulator says

Sarbanes-Oxley audits too costly, regulator says

by Rick Turoczy on October 2, 2006

Companies will spend more than $6 billion this year to adhere to Sarbanes- Oxley, according to a study released in March by AMR Research, a Boston- based business research firm. The Business Roundtable, an association whose members include the chief executives of the largest U.S. companies, said the same month that 40 percent of its member companies would pay more than $10 million each.

The securities commission is working to make the Section 404 auditing requirements less expensive, and there are no “irreparable problems,” he said.

Sarbanes-Oxley audits too costly, regulator says

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