AMR Research estimates that companies will spend $6 billion on complying with Sarbanes-Oxley Act (SOX) requirements in 2006, on par with the $6.1 billion that will be spent in 2005. These findings are based on a recent study conducted by AMR Research in which over 300 business and IT leaders were surveyed on their Sarbanes-Oxley and broad compliance spending priorities.
In 2006, there will be key differences in how budgets are spent. Budgets allocated to internal headcount are expected to fall by 8% while the technology allocation will grow by more than 13% in real dollars over 2005 numbers. External consulting activities, which do not include audit fees, are expected to hold steady in 2006.
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