Resources for Sarbanes-Oxley (SOX)

Cost for SOX Compliance Less Than Expected: Study

bmighty.com

Smaller companies are paying less to comply with Sarbanes-Oxley (SOX) requirements than previously anticipated.

A new study from Lord & Benoit finds these companies spending 14 percent less than expected when the legislation--which defines business records that must be stored and for how long--was first enacted. In dollars and cents, that translates to roughly $78K in first-year fees as opposed to the $91K estimated by the SEC, according to the research.

The consultancy’s report is based on a cross-section of 29 smaller public companies in 12 industries, as well as an analysis of actual audit fees reported by nearly 5,500 public companies.

View the Resource

Share or bookmarklet this web page at: