Here’s a look at some the good and bad in the most sweeping reform since Securities and Exchange Act of 1934:
Pros
¦ Best Practices. Companies are required to establish audits and controls and have them certified by an outside auditor, giving them a deeper understanding of their business and the ability for better management.
¦ Peace of mind. Financial reporting is more transparent and audits more thorough, making the sort of “creative accounting” that led to corporate collapses more unlikely and giving investors greater peace of mind.
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