Analysts at AMR Research estimate companies will spend $6 billion to comply with the Sarbanes-Oxley Act in 2006. That’s just slightly above the $6.1 billion companies spent in 2005, though spending on technology is due to rise as labor spending related to compliance falls. AMR, which issued a statement about its research Nov. 29, based its conclusion on a recent survey of more than 300 executives asked questions about their Sarbanes-Oxley and regulatory compliance spending priorities.Specific findings related to Sarbanes-Oxley spending include:* Money spent on internal employees will fall by 8 percent, to about $2.3 billion.* Spending on technology will rise by 13 percent, to $1.9 billion. * Budgets for external consultants will hold steady at $1.8 billion. This figure does not include audit fees, AMR said.* None of the companies surveyed said they spent less than expected. Related content news UK government plans 2,500 new tech recruits by 2025 with focus on cybersecurity New apprenticeships and talent programmes will support recruitment for in-demand roles such as cybersecurity technologists and software developers By Michael Hill Sep 29, 2023 4 mins Education Industry Education Industry Education Industry news UK data regulator orders end to spreadsheet FOI requests after serious data breaches The Information Commissioner’s Office says alternative approaches should be used to publish freedom of information data to mitigate risks to personal information By Michael Hill Sep 29, 2023 3 mins Government Cybercrime Data and Information Security feature Cybersecurity startups to watch for in 2023 These startups are jumping in where most established security vendors have yet to go. By CSO Staff Sep 29, 2023 19 mins CSO and CISO Security news analysis Companies are already feeling the pressure from upcoming US SEC cyber rules New Securities and Exchange Commission cyber incident reporting rules don't kick in until December, but experts say they highlight the need for greater collaboration between CISOs and the C-suite By Cynthia Brumfield Sep 28, 2023 6 mins Regulation Data Breach Financial Services Industry Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe