Sarbanes spending = $6b in 2006

Consumer Goods Technology, citing an AMR Research study, says that corporate spending on Sarbanes-Oxley compliance will total $6 billion in 2006, down very slightly from an estimated $6.1b in 2005.

The interesting point is that personnel costs are projected to decline 8%, while technology spending will increase 13%.

"These spending predications support a long-term approach to SOX compliance," says John Hagerty, vice president of research at AMR Research. "Budgets are shifting from headcount to technology so that compliance can become repeatable, sustainable and cost-effective."