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Pros and cons of the sarbanes-oxley act

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Reference no: EM131411782

Josh and Mike are discussing the pros and cons of the Sarbanes-Oxley Act. While Josh argues that the act has a high compliance cost, Mike is of the opinion that companies can easily avoid these costs by choosing to go dark and delisting their shares from exchanges. Josh, in turn, states that such a choice comes with its own drawbacks. Which of the following statements best supports Josh's argument?

  • Companies that choose to go dark typically have only limited access to capital markets.

  • Executives of companies that choose to go dark are required to certify the accuracy of financial statements.

  • Mandatory annual audits by independent auditors are carried out regardless of whether or not companies choose to go dark.

  • Companies that go dark are required to file annual reports

Reference no: EM131411782

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