FEI Says Sarbox Costs Are Dropping

Lora Bentley

Sometimes we wonder whether everyone clamoring for Sarbanes-Oxley reform really gave it enough time before deciding it didn't work. Especially when we see things like this Financial Times piece posted at MSNBC.

 

The story highlights a study by Financial Executives International (FEI) that found Sarbanes-Oxley costs dropped 23 percent last year. The majority of savings came from a reduction in the number of internal hours spent on compliance, as well as lowered fees for outside attorneys and consultants.

 

And the drop occurred before the proposed changes to Sarbanes-Oxley came into play.

 

The one thing that hasn't changed much at this point is auditor fees. They dropped less than 1 percent, according to the study results.


Subscribe to our Newsletters

Sign up now and get the best business technology insights direct to your inbox.


 



Add Comment      Leave a comment on this blog post

Post a comment

 

 

 

 


(Maximum characters: 1200). You have 1200 characters left.

 

null
null

 

Subscribe to our Newsletters

Sign up now and get the best business technology insights direct to your inbox.


 
Subscribe to our Newsletters

Sign up now and get the best business technology insights direct to your inbox.