lets put it this way, if a potential investor came to your company and asked if you had any internal controls in place to prevent fraud and a representative said 'no, we don't believe in section 404, it is such a burden and it costs to much', not so sure the investor would feel very safe putting his/her money into that company, especially after the enron era. this is a good example on how it is working.
wow, I hope people watch this now, its a lot more relavant
mactos678 3 years ago
are those your words ? or are you just citing ? ;)
emotionforsale 3 years ago
lets put it this way, if a potential investor came to your company and asked if you had any internal controls in place to prevent fraud and a representative said 'no, we don't believe in section 404, it is such a burden and it costs to much', not so sure the investor would feel very safe putting his/her money into that company, especially after the enron era. this is a good example on how it is working.
hzhu503 3 years ago
I don't see how it's helped overall. It's a very expensive barrier to entry for smaller companies that may want to go public.
It didn't stop the horrible lending practices of many public companies, which
has created a crisis even worse than the effects of Enron.
I agree with most of your videos though.
pootron 3 years ago