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by sportanova
3886 days ago
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How 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 Table 10 shows audit through 2000-2004) Definitely not an insignificant cost for small companies, especially when you factor in the enormous management overhead |
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