Compliance costs for Sarbanes-Oxley and external audit fees both increased last year, according to a new survey, but for most organizations the cost of SOX compliance remains at a manageable level.
The survey, by the consulting firm Protiviti, examined the impact of the Sarbanes-Oxley Act of 2002 as the law enters its second decade. More than one-third of the companies surveyed (38 percent) reported a year-over-year increase from 2011 to 2012 in SOX costs. Nearly half of the companies surveyed (47 percent) also reported a year-over-year increase in external audit fees during the same period.
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