Friday, April 08, 2005

Act drains public firms' time, money

It cost Milacron Inc. 1 percent of its sales and 15 percent of operating cash flow. It cost Regent Communications Inc. $800,000.

"It" is the Sarbanes-Oxley Act's internal control requirement. And it has public companies shelling out cash, chief financial officers complaining and accounting firms working overtime.

See full Article.