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SOX and the regulation myths
Filed in archive SOX by leon on October 10, 2006
SOX and the regulation myths
Jack Ciesielski at the AAO Weblog has a good post updating us on a speech by public company Accounting Oversight Board member Charlie Niemeier that seeks to dispel notions that the costs of regulation have short-changed the United States and caused it to lose its competitiveness.

In a nutshell, the points are this: US initial public offerings are on the way up, not down; companies still list in the US because international listing activity is still driven by US valuations; that any cost from higher fees in the US is offset by net savings in cost of capital; one of the reasons for the drop in the US share of worldwide IPOs is the dramatic decrease in the number of IPOs by U.S. companies but there was no commensurate shift by US companies to markets in other countries.

Good points. I have raised similar sorts of arguments here, here, and here .

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Tags: SarbanesOxley  Charlie  Niemeier    regulation  corporate  regulation+myths  united+states  charlie+niemeier 
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