4 ms·
It's turned that way because of onerous regulations (Sarbanes-Oxley). We made it way too painful to go public, and now we can't benefit from most of the tech gr
by sportanova 11y ago
It's turned that way because of onerous regulations (Sarbanes-Oxley). We made it way too painful to go public, and now we can't benefit from most of the tech growth
- sawthat 11y agohttps://en.wikipedia.org/wiki/Dot-com_bubble https://en.wikipedia.org/wiki/Dot-com_bubble
- JDDunn9 11y agoThe average cost of compliance with Sarbanes-Oxley was 0.043% of revenue by a 2006 survey.
- sportanova 11y agoHow is average defined? If it's aggregateDollarsCompliance / aggregateRevenue for all companies then small companies are going to pay a much higher percentage versus big companies. Apparently it can be as much as ~1.5% of revenue (http://www.sec.gov/info/smallbus/acspc/appendi.pdf http://www.sec.gov/info/smallbus/acspc/appendi.pdf Table 10 shows audit through 2000-2004) Definitely not an insignificant cost for small companies, especially when you factor in the enormous management overhead