Public companies say that they expect to spend slightly less this year than last on complying with the requirements set out in the Sarbanes-Oxley Act of 2002.
Sarbanes-Oxley, passed in the wake of the Enron and WorldCom scandals, requires public companies to improve their internal controls over financial reporting.
A survey of almost 300 companies, conducted by the American Electronics Association and the Nasdaq Stock Market Inc. found that companies with a market capitalization of more than $120 million expect to see their costs decline 7.4 percent from last year.
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