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More U.S. Companies Drop Out, Clam Up

More U.S. Companies Drop Out, Clam Up

by Rick Turoczy on March 8, 2005

In an era of greater scrutiny, a number of U.S. companies are deciding being public just isn’t worth the hassle anymore. After the collapse of Enron Corp, WorldCom Inc. and others, regulators and lawmakers raised financial reporting and corporate governance standards for publicly traded companies to increase accountability and transparency.

In the latest and final phase of the reforms, known as Section 404, companies must assess internal financial controls and report findings to the Securities and Exchange Commission.

More U.S. Companies Drop Out, Clam Up

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