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Sarbox Costs Revised Up

As companies make progress in complying with Section 404 of Sarbanes-Oxley, their estimates of what the effort will cost them are skyrocketing. A Financial Executives ...

By Staff Writer | Updated on September 01, 2004

As companies make progress in complying with Section 404 of Sarbanes-Oxley, their estimates of what the effort will cost them are skyrocketing. A Financial Executives International (FEI) survey of 224 companies in July found that the average estimate of 404 costs had jumped 62%, to $3.14 million, from the $1.93 million that companies projected in a January FEI survey.

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