The cost of compliance associated with Section 404 of the Sarbanes-Oxley Act are expected to drop significantly for some companies, according to a report commissioned by the Big Four audit firms.

Total 404 compliance costs may drop as much as 46 percent for some Fortune 1000 companies, according to a letter sent by KPMG, Deloitte, PricewaterhouseCoopers and Ernst & Young to Securities and Exchange Commission secretary Jonathan Katz this week.

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