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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (29146)4/6/2005 11:53:42 AM
From: John VosillaRead Replies (1) | Respond to of 306849
 
Sarbanes-Oxley hurting the microcap listed companies. The costs and disproportionate time devoted to it is what is killing them. If you do $50M in sales and now spend an extra $3-5M on this along with too much time by high level execs that you could be devoting to your business it is a real problem.



To: Elroy Jetson who wrote (29146)4/6/2005 2:00:00 PM
From: anachronistRespond to of 306849
 
All of the internal controls that SarbOx requires just generate fees for the accounting firms. None of the crap that I have been forced to implement would have stopped Enron. But it has generated $500,000 in consulting fees for a certain TLA.


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