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Survey: Sarbanes-Oxley Costs Drop In 2005

Law360 (April 19, 2006, 12:00 AM EDT) -- Contrary to complaints by small businesses that internal-control requirements involve burdensome accounting costs, a new study shows that public companies paid at least 30% less last year to comply with the Sarbanes-Oxley corporate-reform rules.

The survey, which was commissioned by the Big Four accounting firms, found that costs for smaller companies, which have a market capitalization of at least $75 million, decreased by an average of 31%, to $860,000.

Costs for bigger companies, with a market capitalization of more than $700 million, declined by an average...
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