Confirming the conventional wisdom, a new study by consultancy CRA International forecasts a hefty drop in the corporate expense of complying with the internal-controls provisions of Sarbanes-Oxley.
While they may be accurate, the survey results fit neatly into what may be very well be an attempt by the Big Four accounting firms that sponsored the study to stave off criticism and futher regulation.
Recall that the Big Four, along with the American Institute for Certified Public Accountants (AICPA), fought tooth and nail against the takeover of auditing standard-making by the Public Company Accounting Oversight Board under Sarbox.
See full Article. Also see 404 Costs to Drop, Big Four Maintain
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