Monday, December 19, 2011

What are the arguments for/against the revision of Sarbanes-Oxley to make it less of a burden on sm businesses

I know that SOX was enacted to help make financial statements more accurate and restore investors' faith in financial reporting. But sec. 404 has caused disproportionate costs on smaller public companies. What is your opinion about why or why not it should be revised? I'd appreciate any comments or new information. (Also, if you know good sources of info for this topic, please provide them.) I have to speak about this for my public speaking cl. Thank you!!

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