Small- and mid-size companies feel Sarbanes-Oxley pinch

A recent study pegged the average cost of being a public company as jumping from $1.3 million to almost $2.5 million as a result of the Sarbanes-Oxley Act. Prime factors include higher fees and liability insurance for dirctors, increased audit and accounting fees, and fees for legal counsel for audi...

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Bibliographic Details
Published in:MSI 2003-10, Vol.21 (10), p.14
Main Author: Smith, Frank O
Format: Article
Language:English
Subjects:
Liability insurance
Operating costs
Public companies
Public Company Accounting Reform & Investor Protection Act 2002-US
Scandals
Small business
Online Access:Get full text
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Summary:A recent study pegged the average cost of being a public company as jumping from $1.3 million to almost $2.5 million as a result of the Sarbanes-Oxley Act. Prime factors include higher fees and liability insurance for dirctors, increased audit and accounting fees, and fees for legal counsel for audit committees.
ISSN:1554-3404