Putting a Price Tag on Sarbanes-Oxley

Business advisory firm The Hackett Group has launched a new benchmarking study designed to quantify the total cost of internal controls over financial reporting and compliance, and to provide, for the first time, detailed information about the total cost of financial reporting, controls and compliance related to Section 404 of the Sarbanes-Oxley Act of 2002 (Sarbox).

The study will capture information on process-level activities in various areas within finance, human resources (HR), procurement, IT and sales, and quantify cost gaps between participants' internal control initiatives. In addition, the study will catalogue the practices that correlate with lower costs and provide participants with recommendations to help reduce the cost of their internal controls and compliance efforts.

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