دانلود کتاب FEI Survey on Sarbanes-Oxley Section 404 Implementation: May 2007

The purpose of this study is to help financial executives benchmark their costs of compliance with Section 404 of the Sarbanes-Oxley Act of 2002. This study analyzes the results of a survey of 200 FEI members in which they were asked for their own costs incurred during 2006 for compliance with Section 404. Here are some of the highlights: Total average year three costs of compliance with Section 404 of the Sarbanes-Oxley Act of 2002 for respondents to the annual FEI Section 404 Implementation Survey were $2.9 million, which was 23.2% less than the corresponding year two costs of $3.8 million. Most companies have found efficiencies in complying with Section 404, as indicated by decreases in both internal and external costs of compliance, excluding fees charged by their primary auditor, but audit attestation fees were stable on average. On average, accelerated filer respondents with centralized operations incurred significantly less total costs of compliance in 2006 than did those respondents with decentralized operations