Thursday, November 18, 2004 The news came as the London Stock Exchange revealed it was anticipating a surge in de-listings by companies fleeing the increasing burden of regulatory compliance on US markets. One of the heaviest blows came in the form of section 404, which will force UK companies with a dual US listing to document and annually test key controls. The requirements, to be phased in from July next year, will also require management to prepare audited statements that controls are working effectively. According to research done in the US, the cost of compliance is likely to be around $2m (£1.08m), but UK companies have so far been reluctant to talk figures. Sarbox to cost UK corporates £120m Previous articles SAS Goodnight To Discuss Sarbanes-Oxley in CFO Key...
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