It would be a good thing too. Sarbanes-Oxley is so onerous that it has killed the IPO market for small firms. IIRC $3-5M in legal and accounting fees for the IPO and yearly 7 figure amounts for compliance.
The costs of compliance are only so high because practitioners are supposedly scarce. The opportunity costs to industry have been much, much higher than the direct costs, though.
The costs of compliance are only so high because practitioners are supposedly scarce. The opportunity costs to industry have been much, much higher than the direct costs, though.