For small to midsized companies, the average cost of being public increased 33 percent last year, thanks largely to Sarbanes-Oxley compliance, according to a new survey conducted by the law firm Foley & Lardner. Audit fees accounted for the largest out-of-pocket cost increases, the survey said, with audit fees for public companies with less than $1 billion in annual revenues averaging $1 million in 2004, a 96 percent increase over 2003. The full text of the report is available here: The Cost of Being Public in the Era of Sarbanes Oxley.

Photo of Bob Ambrogi Bob Ambrogi

Bob is a lawyer, veteran legal journalist, and award-winning blogger and podcaster. In 2011, he was named to the inaugural Fastcase 50, honoring “the law’s smartest, most courageous innovators, techies, visionaries and leaders.” Earlier in his career, he was editor-in-chief of several legal publications, including The National Law Journal, and editorial director of ALM’s Litigation Services Division.