This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

SOX compliance costs rising thanks to revenue recognition standard

  • United States Image

Aug 14, 2018

On August 14, 2018, Accounting Today published an article on how compliance hours and costs for the Sarbanes-Oxley Act have risen in the past year for many companies, in part due to the new revenue recognition standard, according to a new survey.

The survey, by the consulting firm Protiviti, found that SOX compliance costs and hours have climbed 10 percent or more for a majority of companies. For large accelerated filers, for example, average SOX compliance costs rose from $1.1 million to over $1.3 million this year. For accelerated filers, the average costs increased from $802,000 last year to $997,000 this year, while for emerging growth companies they went from $1.2 million to nearly $1.4 million this year.

Review the full article on Accounting Today's website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.