Filed in archive
SOX
by leon on May 2, 2008
Average compliance with Sarbanes-Oxley has now hit $1.7 million for big companies with average annual revenues of $4.7 billion. And while compliance costs are actually slipping, that hasn't stopped auditors from cashing in big time.
According to the latest Financial Executives International survey, Section 404 compliance was $1.7 million and 404 auditor costs have also declined 5.4 per cent with the scope of work narrowing. But there's been a reported five percent increase in the average hourly audit rate charged by auditors.
So while the compliance costs are headed down, and companies are reporting more confidence in Section 404, the trend with audit fees is a worrying sign.
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/122091
Addthis
Ask
Blinklist
del.icio.us
Digg
Fark
Facebook
Google
Lycos
Ma.gnolia
Mr Wong
Netscape
Netvousz
Newsvine
Reddit
StumbleUpon
Slashdot
Tailrank
Technorati
Wink
Yahoo
Vote for Average 2007 SOX compliance bill: $1.7 Million:
|
Rating: 9.50 out of 2 vote(s) cast.
|
Response from:
Average compliance with Sarbanes-Oxley has now hit $1.7 million for big companies with average annual revenues of $4.7 billion. And while compliance costs are actually slipping, that hasn't stopped auditors from cashing in big time.
Subscribe
Use the search to look for other interesting posts
| RSS |  See all blog subscribe options |
 What is RSS? | |
| Yahoo! |
|
| Addthis |
|
| Bloglines |
|
| Newsletter | |
| Follow us on Twitter! |
