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Sarbanes-Oxley: The Real Cost of Compliance
What exactly does it cost a company to comply with Sarbanes-Oxley? Especially for small companies, the costs have been fuzzy. The SEC had estimated that small company compliance costs $91,000. A new report now finds that the SEC number wasn’t…
Compliance: Drastic Drop in Number of Sarbox Faults
Companies are making major strides in reducing their number of “material weaknesses” in complying with Sarbanes-Oxley. A report from Compliance Week shows that the number of faults reported by 9,700 companies fell from 537 shortly after Sarbanes-Oxley went into effect…
Compliance: SOX Pressure Eases For SMBs
Just a few months after the SEC Chairman Christopher Cox said that it would never happen, Cox testified before the House Committee on Small Business last week that the SEC plans to give small businesses an additional year grace period…
Compliance: The Globalization of Regulation
J-Sox, the Japanese counterpart of the Sarbanes-Oxley legislation is slated to go into effect in April 2008. Weighing in at 6500 pages, the similarities between the US and Japanese regulations are strong and go far beyond just the size and…
Sarbanes-Oxley: CEOs Move On
After five years of pain coming to grips with the Sarbanes-Oxley regulations, companies are beginning to be accustomed to the new landscape. In a recent survey by Eversheds LLP only three percent of top executives had Sarbanes-Oxley as their top…