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Companies across the nation are racing to comply with a section of Sarbanes-Oxley that begins to go into effect today. Getting into compliance can cost the companies a small mountain of money. A national survey earlier this year found that public companies expected to shell out an average of $3.1 million to comply with §404, which requires the establishment and testing of internal financial controls for items such as inventory and cash balances.
November 15, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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