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Sarbanes Oxley Drives Up Large Companies' Audit Costs by $1.4 Billion

National News • April 28, 2005
Fortune 1000 companies' auditing costs have increased by $1.4 billion collectively so far, and much of this increase is in response to the corporate governance act known as Sarbanes-Oxley, ...

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Subject: RE: RE: RE: RE: RE: Sarbanes Oxley

Posted On: August 23, 2005, 2:21 am CDT
Posted By: Sutithi
Comment:
Can someone tell me what exactly is this increased scope of work for consultants and auditors because of SOX? I understand that auditors now have more work to do. But what about consultants? Does SOX complinace involve a pure consultancy element too? I am aware that auditors will not be able to offer consultancy to their clients due to the independence clause. That means that a company which wants to comply with SOX will have to engage the services of an independent external consultant. How much of extra cost would this mean? My question is, if 1.4 billion dollars are getting paid to auditors for SOX work, how much of it is going to external consultants?
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RE: RE: RE: RE: RE: Sarbanes Oxley Sutithi
Aug 23, 2005, 2:21 am
RE: RE: RE: RE: Sarbanes Oxley Dave
Jul 27, 2005, 10:36 am
RE: RE: RE: Sarbanes Oxley Pete
Jun 15, 2005, 3:19 pm
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May 3, 2005, 2:30 am
Sarbanes Oxley Christian
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