SOX aversion

By Ann Bednarz, NetworkWorld.com, 06/21/06

The burden of Sarbanes-Oxley compliance is pushing some companies to consider going private, a new study reports.

And it's not just a few malcontents, according to law firm Foley & Lardner's fourth annual SOX study, released last week. One out of every five respondents (21%) to the firm's survey said they would consider a going-private transaction.

It's no wonder when you consider the costs. When all the expenses are tallied, companies with under $1 billion revenue spent an average of $2.9 million to comply with SOX in 2005, and companies with greater than $1 billion revenue spent $11.5 million, Foley & Lardner reports.

Full study results are available here.

Back to Application Notes

Comments

Post a comment

Name:


E-mail address:


URL:


Comments:


Remember info?