It seems the largest public companies are getting hit the hardest with the ongoing regulatory assault on internal controls, based on the latest survey results on Sarbanes-Oxley compliance.
Half of accelerated and large accelerated filers participating in Protiviti’s latest annual survey said their external audit fees related to Sarbanes-Oxley compliance increased in fiscal 2015, while 52 percent of non-accelerated filers said their fees decreased in the same period, and 7 percent said they were flat. Of large accelerated filers who reported seeing increases, 68 percent said increases ranged from 1 to 10 percent, and 32 percent said increases ranged from 11 to 20 percent.
Across public companies who responded to the...
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