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Sarbanes-Oxley News & Developments
Big GAAP, Little GAAPThe FASB wants 'to make sure the concerns of private companies and small public companies are being heard.'
> > Small companies are feeling the pinch of increased regulation these days. Many CFOs of small businesses say they are being unfairly punished for the indiscretions of such large companies as Enron, WorldCom, and Tyco by having to implement new rules that are disproportionately time-consuming and costly to carry out.
The Financial Accounting Standards Board recently established the Small Business Advisory Committee, which will advise FASB on the issues that are important to small companies.
Source: CFO
Published:2004-06-28
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