Archive for June, 2008

Is SOX too costly?

June 5, 2008

Since Sarbanes Oxley became the law in 2002, the average cost of compliance for companies with revenue less than 1B has risen from 1.7 M to 2.8 M in 2006, a 165% increase since 2003.

For companies with annual revenue over 1B, the average compliance cost increased by 54%, from 8.1 M in 2003 to 12.4 M in 2006.

Is SOX compliance too costly? (more…)