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Two recent reports claim that the burden of complying with the 2002 Sarbanes-Oxley Act grew still heavier in the past year, especially for smaller companies. Foley & Lardner's report on its third annual SOX compliance survey said the annual "cost of being public" since SOX was enacted had increased an average of 233 percent by last year for smaller companies. A second report, by the Nasdaq Stock Market Inc., also suggests the burden of SOX compliance falls more heavily on smaller companies.
June 22, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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