JOBS Act Hasn’t Encouraged as Many Companies to Avoid Sarbanes-Oxley as Some Would Have Hoped
Before the House of Representatives got down with some Audit Integrity whatever whatever, we had the Jumpstarting Our Business Startups Act as an example of Congressional wading into the accounting/auditing regulatory waters. If you need a refresher, the JOBS Act flew through Congress and the got the President's signature last year despite a lot of people saying […]
“Emerging Growth Company” Manchester United Ltd. Not Quite Ready to Take Advantage of All the Reporting Exemptions Under the JOBS Act
As you know, the Jumpstart Our Business Startups Act was made law earlier this year, in part, to exempt "emerging growth companies" (or "EGC" for you acronym junkies) from certain reporting and disclosure requirements. "Emerging growth companies" being those with less than $1 billion in revenues in a fiscal year and the best known exemption allowed […]