FEI Survey

Section 404 Could Cost Big Companies $4.6 Million, Or More
In response to numerous inquiries about the implementation costs for Sarbanes-Oxley Section 404 compliance (internal controls), FEI conducted a survey of members from public companies, and received responses from 321 companies during the week of January 26. The largest U.S. companies expect to spend an average of 35,000 hours to adopt 404 and incur an increase of 38% over current audit fees. Companies expect to document an average of 79% of their processes and expect external auditors will test an average of 57% of those processes.

Executive Summary

Press Release

PowerPoint Summary

Detailed Respondent Report (members only)

Exhibit: Responses by Company Size (MS Excel) (members only)