Archive for the 'FEI' Category
Sarbanes-Oxley compliance costs drop, better processes credited
0 Comments Published by claudia May 30th, 2007 in News, SOX, North America, Sarbox, FEI Tags: compliance costs, financial burden, financial executives international, public companies, sarbanes oxley act, sarbanes oxley compliance, Section 404.The financial burden of Sarbanes-Oxley Act (SOX) compliance is slowly, but surely starting to ease.
The cost of compliance with Section 404 of the SOX declined by 23% in fiscal 2006, according to a survey by Financial Executives International.
The Florham Park, New Jersey-based organization found the average company spent $2.9 million on SOX compliance in 2006, […]
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FEI Survey: Management Drives Sarbanes-Oxley Compliance Costs Down, But Auditor Fees Virtually Unchanged
0 Comments Published by claudia May 16th, 2007 in News, SEC, SOX, Section 404, Study, paper, Sarbox, FEI Tags: compliance survey, corporate america, efficiencies, fei, filers, internal staff, reductions, revenues, sarbanes oxley compliance, section 404 compliance.FEI announced the results of its sixth Sarbanes-Oxley compliance survey, which found that Section 404 compliance cost Corporate America less in year three of adoption than in each of the first two years. FEI polled 200 companies to gauge experiences in complying with Section 404. Responding companies have average revenues of $6.8 billion.
According to […]
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