by Hiller Hardie
26. April 2012 15:55
The Jumpstart Our Business Startups (JOBS) Act was passed into law on April 5, 2012. It encourages private companies to complete IPO’s by giving them reporting relief if they qualify as an emerging growth company (EGC). EGCs have less than $1 billion in revenue and $700 million in publicly tra...
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by Hiller Hardie
14. March 2012 11:00
The House recently approved a measure aimed at creating jobs and easing the regulatory burden on smaller businesses. A major component of this bill exempts small and mid size businesses initiating public offerings from some key provisions of Sarbanes Oxley. As drafted, prospective ...
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by Hiller Hardie
1. February 2012 11:21
My recent blog discussed the trend of the last several years of declining revisions of financial statements due to accounting errors or manipulations. As a member of the Accounting profession, I follow the activities of the PCAOB with interest (and often skepticism). Of particular relevance is their...
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by Hiller Hardie
27. December 2011 15:25
As noted by The Wall Street Journal on November 30, the number of financial statement restatements at large US companies had declined for the 5th year in a row. Restatements spiked upward significantly in the initial years of Sarbanes Oxley implementation (2004-2005). This was due largely to the inc...
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