Corporations appear to be spending more time and money on regulatory compliance now than at any other time in recent history. In fact, the largest U.S. corporations spent an average of $4.6 million implementing Sarbanes-Oxley Act section 404 controls in their first year of implementation, and Forrester Research estimates the five-year cost of Basel II implementation for the largest banks to be $150 million. Recently, governmental and international regulatory bodies have been quick to introduce new rules and legislation in response to current business and geopolitical events.
Original post by Joe DosSantos and software by Elliott Back
