Driven in part by costs associated with Sarbanes-Oxley compliance, Fortune 1000 firms have paid more than $3.6 billion for their 2004 audits, up from $2.2 billion in 2003, according to a report by accounting professors at the University of Nebraska-Omaha.

As of April 27, an analysis of 633 Fortune 1000 companies showed that their auditing costs have increased by $1.4 billion collectively so far, UNO College of Business Administration accounting faculty members Susan Eldridge and Burch Kealey reported.

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

Don't have an account? Register for Free Unlimited Access