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SOX Costs Drop For Third Year In A Row

Law360 (May 16, 2007, 12:00 AM EDT) -- The costs of complying with the Sarbanes-Oxley Act have fallen for the third straight year, dropping 23% in 2006 according to the results of a recent survey.

The survey, conducted by Financial Executives International and released on Wednesday, revealed that total compliance costs have dropped a total of 35% since the inception of the act in 2002.

In 2006, the average cost of complying with the corporate governance requirements of the act was $2.92 million, down from $4.51 million in the first year of the act....
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