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Reminds me of my good lawyer friend who says high legal fees don't impact startups at all. /s Here in the real world Sarbanes-Oxley has a huge burden on actua
by logicallee 9y ago
Reminds me of my good lawyer friend who says high legal fees don't impact startups at all. /s
Here in the real world Sarbanes-Oxley has a huge burden on actual auditors and accountants at public companies. It's not some afterthought, the burden on companies is huge.
You can hardly talk with a controller/auditor without hearing about it.
Why would anyone make that up? It's just a record keeping and reporting burden, it's just a nuisance. Nobody gets anything out of exaggerating that nuisance.
- koolba 9y agoAnd it has a huge impact on the bottom line of consultancies and external auditors. SOX, and more recently Dodd-Frank, has been a cash cow for those groups.