An independent report, backed by data from Big Four clients, shows that corporate auditing costs for Sarbanes-Oxley 404 compliance dropped significantly in 2005.
Gregory Bell, a group vice president at CRA International, the Boston-based economic consulting firm which conducted the study, said the biggest reason for the decline was the learning curve effect. "This is their second year working under Sarbanes-Oxley, so it makes sense [public companies] realized significant efficiencies from handling it the second time around," he said.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access