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- Title
Ask FERF About… Sarbanes-Oxley Section 404 Compliance Costs.
- Authors
Sinnett, William M.
- Abstract
The article provides information related to Section 404 Compliance Cost of the Sarbanes-Oxley Act of 2002 in the U.S. The Financial Executives International compliance costs survey is referenced and shows costs to have risen significantly since 2004. A cost breakdown for compliance is explained and includes internal people hours, external people hours and auditor fees. A survey of compliance costs from the Big 4 accounting firms is noted and reports declining costs of implementation. The survey designer, Charles River Associates International suggests a 42% decrease in compliance cost for 2006.
- Subjects
UNITED States; LEGAL compliance; FINANCIAL statements; ACCOUNTING standards; COST analysis; PUBLIC companies; UNITED States. Sarbanes-Oxley Act of 2002; FINANCIAL executives; FINANCIAL management; GOVERNMENT policy; DISCLOSURE in accounting; ECONOMICS
- Publication
Financial Executive, 2006, Vol 22, Issue 4, p64
- ISSN
0895-4186
- Publication type
Article