Despite Expectations, Audit Fees Rise In 2005

Law360, New York (June 15, 2006, 12:00 AM EDT) -- In a surprising trend, audit fees for public companies continued to increase steadily in 2005 as the controversial Section 404 internal controls requirements mandated by the 2002 Sarbanes-Oxley Act began to take effect, according to a study conducted by Foley & Lardner LLP.

The firm offered the public a first glance at the conclusions of its fourth annual examination on Thursday in “The Cost of Being Public in the Era of Sarbanes-Oxley.”

In the wake of such massive corporate scandals as Enron and WorldCom, SOX was...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.