February 22, 2007
SOX compliance expected to cost $6B in 2007
By Christina Davis
The cost of maintaining compliance under the stringent accounting rules of the Sarbanes-Oxley Act has stabilized, according to a report from Boston-based AMR Research.
AMR found that spending on SOX compliance will remain at $6 billion in 2007, the same level spending reached in 2005. While the cost of SOX increased rapidly in the initials years after its enactment, it has since leveled off.
Beyond SOX, AMR estimates that businesses will spend nearly $30 billion in 2007 on governance, risk management and compliance, an increase of 8.5 percent from spending in 2006.
AMR found that spending on SOX compliance will remain at $6 billion in 2007, the same level spending reached in 2005. While the cost of SOX increased rapidly in the initials years after its enactment, it has since leveled off.
Beyond SOX, AMR estimates that businesses will spend nearly $30 billion in 2007 on governance, risk management and compliance, an increase of 8.5 percent from spending in 2006.
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