Sabanes and the Cost of Going Public in America by William Cate
Cost Rising Rapidly
A recently published study by Foley & Lardner show that the
Sabanes-Oxley Act of 2002 increased the costs of being an
American public company in 2004 by about 33%. It's tripled the
costs of taking a U.S. Domestic Company public in the United
States. GAAP Audit fees account for most of the cost increase.
Due to Section 404, the average GAAP audit is now about $1
million. This means that GAAP audit costs are up ...Read the rest of this entry »
January 26th, 2012



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