Compliance Spending for North American Companies to Hit $30 billion This Year

SoX Costs 
$6 billion

Annual compliance spending for all North American companies is expected to grow 8.5% this year to $29.9 billion from $27.3 billion in 2006, according to a study by AMR Research. 

Sarbanes-Oxley is expected to account for 20% (or $6 billion) of companies' compliance expenditures this year, and will grow to $6.2 billion in 2008, according to the report. 

Corporations' costs of complying with the 2002 Sarbanes-Oxley financial and accounting disclosure law are leveling off, but costs of meeting environmental guidelines are on the rise, according to the AMR study, reports WSJ.

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