1: Smaller public corporations can’t afford the heavier accounting burden, so they get taken private and become LESS accountable than they were prior to sarbanes oxley.
2: Companies that can’t report accurately dont report ontime, and the public has LESS info than they did about they companies than before.
3: Honest companies get burdened with excessive accounting costs, and their share holders get no benefit from the accounting rules because the company was honest anyway.
4: It creates an over demand in the job market for accountants so companies that need to fill other positions have a harder time filling them.
5: Makes US companies less competitive with foreign competitors.
6: Has spawned a wave of mergers, so that their are now fewer small corporations and more big ones.
7: Has delayed initial public offerings because companies know they have a higher burden on their accounting from the beginning.
8: Has made it harder for Fannie Mae to do business so in turn has hurt the mortgage market.
9: Has made it harder for the top CEO’s to be paid what they are actually worth.
April 3rd, 2010 at 4:03 am
what the hell is that?
References :
April 3rd, 2010 at 4:13 am
1: Smaller public corporations can’t afford the heavier accounting burden, so they get taken private and become LESS accountable than they were prior to Sarbanes Oxley.
2: Companies that can’t report accurately dont report ontime, and the public has LESS info than they did about they companies than before.
3: Honest companies get burdened with excessive accounting costs, and their share holders get no benefit from the accounting rules because the company was honest anyway.
4: It creates an over demand in the job market for accountants so companies that need to fill other positions have a harder time filling them.
5: Makes US companies less competitive with foreign competitors.
6: Has spawned a wave of mergers, so that their are now fewer small corporations and more big ones.
7: Has delayed initial public offerings because companies know they have a higher burden on their accounting from the beginning.
8: Has made it harder for Fannie Mae to do business so in turn has hurt the mortgage market.
9: Has made it harder for the top CEO’s to be paid what they are actually worth.
References :