A study by professors at the University of Nebraska at Omaha of 633 companies in the Fortune 1000 showed their audit fees rose, on average, nearly 64 percent, a total increase of more than $1.4 billion.You'll notice how Sarbanes-Oxley doesn't apply to where the real corruption in accounting occurs:Federal,state,and local government.Chicago Tribune
Sunday, June 05, 2005
Sarbanes-Oxley mandates send corporate audit expenses soaring
Who benefits from Sarbanes-Oxley?