Sarbanes-Oxley Implementation Costs

This report outlines the results of A.R.C. Morgan’s analysis of costs provided by registrants in their SEC Filings related to Sarbanes-Oxley Section 404 compliance.

The analysis was started to provide our clients with indications of what their peers are stating as the actual cost of their Section 404 efforts. Many have estimated the cost of initial Section 404 compliance with an often repeated quote estimate of US$ 1 million per US$ 1 billion in revenue – is this the case or is there any other number that can be used to better guide budgets for smaller companies and foreign filers who must complete their initial compliance in 2005 and 2006?

See full Report in pdf format.