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Calculator: The Cost of Sarbanes-Oxley
By Kevin Fogarty
2004-09-21
Article Views: 13762
Article Rating:    / 8
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Use this calculator to figure out how much Sarbanes-Oxley compliance is costing your company.
To comply with the Sarbanes-Oxley Act, your company must document every internal process and external effect that will have an impact on its financial health. That's a pretty thin spec from which to develop a budget, but we tried by breaking down the process into its smallest component. Here we examine one procedurethe preparation of a quarterly revenue statement from one division. We include a transition period during which you analyze the procedure and add steps to make sure each phase is documented. We also include extra hours every week for documentation.
View the PDF -- Turn off pop-up blockers!
To see the details behind this calculator and fill in your own estimates, click on the Tool icon above and download the interactive worksheet.
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