Private Companies Struggle with the Sarbanes-Oxley Act
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Title: Private Companies Struggle with the Sarbanes-Oxley Act

Essay Details:

Subject: Business
Author: Carroll B
Date: April 7, 2015
Level:
Grade: A
Length: 6 / 1632

Essay text:

al, p. 28). In a separate survey, Financial Executives International found $3.1 million in additional costs for companies with average revenues of $2.5 billion. According to Koehn and Del Vecchio (2004), significant increases in salaries may be attributed to the cost of compliance (p. 36). In 2003, a 6% increase in finance and a 10% increase in management salaries were noted (Koehn & Del Vecchio, p.36). Audit fees assigned by the top four auditing companies climbed by 25% to 33% since the enactment of Sarbanes-Oxley. A May 2003 survey by Financial Executives International forecasted an additional 35% increase in audit fees by mid-2004...

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