12 ms·
I keep hearing how burdensome it is to comply with SEC requirements but it seems to be about manually disclosing and verifying finances that are otherwise secre
by erik_seaberg 8y ago
I keep hearing how burdensome it is to comply with SEC requirements but it seems to be about manually disclosing and verifying finances that are otherwise secret. Sometimes I wonder about a minimum viable public company that just published the real books. How much overhead is really required just to exist?
- greenleafjacob 8y agoPwC estimates that it costs $1.5 million per year. https://www.strategyand.pwc.com/media/file/Strategyand_Considering-an-IPO.pdf https://www.strategyand.pwc.com/media/file/Strategyand_Consi...
- spbaar 8y agoAgreed. For GE or P&G that have tons of vertically integrated moving parts and the complex accounting for it, I can intuitively understand that compliance and accounting would be huge and complex. But there are many billion dollar companies with a more streamlined and simple economic model, and the tools should exist to comply with the SEC as part of the normal workflow.