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Big four releases SOX 404 report.

Total year-two SOX (1) (Schema for Object-oriented XML) An XML schema developed by Veo Systems and Muzino Communications, which was submitted to the W3C. SOX is based on DTD, but adds data typing and reuse mechanisms.  Sec. 404 compliance costs are expected to decline substantially for both large and small companies, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 a study commissioned by the Big Four.

According to the study, total Sec. 404 implementation costs for larger companies declined 44 percent in 2005 to $4.8 million. For smaller companies, the projected decline is 31 percent to $860,000.

The primary reason for the cost declines include increased efficiency in implementing and assessing controls; and reduced documentation from year one to year two.

[ILLUSTRATION OMITTED]

Download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer.  the survey at www.s-oxin ternalcontrolinfo.com/pdfs/CRA_III.pdf.
COPYRIGHT 2006 California Society of Certified Public Accountants
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Title Annotation:Sarbanes-Oxley Act of 2002, compliance costs decrease
Publication:California CPA
Article Type:Brief article
Geographic Code:1U9CA
Date:Jun 1, 2006
Words:98
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