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| FEI
Survey on SOX Section 404 Implementation/January
2004. |
View
Details |
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| |
Annual
Sales Revenue |
| |
Avg.
of All Responses |
Less
than
$25 M |
$25-
$99 M |
$100-
$499 M |
$500-
$999 M |
$1-
$4.9 B |
Over
$5 B |
|
| Year
One Costs of Compliance |
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| Internal
Costs* |
$613,250
|
$57,500
|
$54,525
|
$179,760
|
$255,850
|
$497,655
|
$1,750,215
|
|
| External
Costs |
732,100 |
170,000 |
446,100 |
331,600 |
513,200 |
813,500 |
1,390,100 |
|
| Auditor
Attestation Fees |
590,100 |
52,200 |
242,200 |
264,700 |
271,600 |
523,200 |
1,531,400 |
|
| Total |
$1,935,450
|
$279,700 |
$742,825
|
$776,060
|
$1,010,650
|
$1,834,355
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$4,671,715
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*Internal
Costs assumes full-time professionals (at
2,000 hours per year) at a compensation rate
(salary plus benefits) of $100,000 per year.
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Reprinted
with permission of Financial Executives Institute,
200 Campus Drive, Suite 299, Florham Park,
NJ 07908. www.fei.org; 073-765-1000 |
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