Wall street Journal, companies complain about cost of Sarbanes Oxley Act. Changes made by Sarbanes Oxley to toughen corporate accountability and restore investor confidence are just now starting to hit the bottom line. The increased cost to bring off balance sheet items on the books and improve audit compliance is costing some large corporations $4.5 million dollars. Much of the money is being spent on consultants,lawyers, auditors and new software.
Audit costs are doubling and final rules on the new controls are still not published. Controllers feel the pendulum has swung to far.