If costs to comply with Section 404 of Sarbanes-Oxley are finally starting to decline because of relaxed standards and corporate adaptation to the rule after five years, Calvin Yu hasn’t noticed.
Yu, financial reporting manager for $1.4 million Cell Genesys in San Francisco, says that despite the advent of Auditing Standard No. 5 and a recent report suggesting that compliance costs for small public companies is falling, he isn’t holding his breath.
