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Sarbanes-Oxley News & Developments
404 Costs to Drop, Big Four MaintainAfter 'start-up and one-time factors' are accounted for, say the firms, the total cost of complying with the thorny Sarbox provision should fall about 40% for companies both large and small.
> > The cost of Section 404 of Sarbanes-Oxley, which governs internal controls over financial reporting, will drop "substantially" in the second year of implementation, concludes a study by consultancy CRA International (formerly Charles River Associates) and commissioned by the Big Four accounting firms.
Source: CFO
Published:2005-12-12
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