"With compliance costs decreasing and share prices increasing by 26% to 28%, the study results indicate that strong internal controls can translate into higher returns to shareholders" says Bob Benoit, President and Director of SOX Research at Lord & Benoit. "With the SEC and PCAOB coming under a lot of pressure because of cost concerns to eliminate Section 404 requirements not only for many current Section 404 filers but also for all non-Accelerated Filers, this research gives one more reason for pause. It would seem that more research and innovative thinking is needed before regulatory bodies and/or Congress act." adds Mr. Benoit.
The complete "Lord & Benoit Report: Do the Benefits of Section 404 Exceed the Cost?" is available by contacting Info@LordandBenoit.com or calling (508) 853-6404 x.204.
About Lord & Benoit:
Lord & Benoit is a national SOX Compliance firm dedicated to providing cost effective solutions for SmallCap and MicroCap companies. The efficient process is called MicroSox(TM). For more information, please visit our website at www.section404.org