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Sarbanes-Oxley News & Developments
Sarbox Costs 'Unpredictable,' Still RisingSome public companies are considering going private.
> > Compliance costs continue to be especially painful for smaller companies. The 85 companies with annual revenue under $1 billion (out of 115 total respondents to a recent survey) reported that their average cost of being public climbed from $1.24 million before the passage of Sarbanes-Oxley to $2.13 million in 2002 and $2.86 million in 2003. All told, the average cost for these companies increased $1.6 million, or 130 percent, since Sarbox was enacted.
Source: CFO
Published:2004-05-28
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