The total average cost of Sarbanes-Oxley Section 404 compliance reached $1.7 million last year, according to a newly released survey.
Financial Executives International polled 185 companies to gauge their experiences with Section 404 internal control audit compliance in fiscal 2007. The organization found that total audit fees for U.S. accelerated filers averaged $3.6 million, a slight increase of 1.8 percent from the previous year.
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