Comment by hatsix
9 hours ago
The reports don't have to each be audited... reduce the auditing to twice a year, increase reporting to monthly... if your report requires remediation, you her bumped to quarterly audits
9 hours ago
The reports don't have to each be audited... reduce the auditing to twice a year, increase reporting to monthly... if your report requires remediation, you her bumped to quarterly audits
The company would probably be sued if there were any issues in one of the monthly reports; the money for the plaintiff lawyers is just too appealing. I think monthly 'informal' reports with some legal protections to allow for inaccuracies and inconsistencies, with biennial 'formal' reports would be wonderful. That said, I think allowing companies to select an appropriate reporting interval might be best.
Feels like a first world problem. If your company cannot afford to output accurate reports every month, maybe it shouldn’t be a company at all.
Shouldn't be a public company, at least. You can squander your own money as you like.
Do you have any sources to back up your feelings? I’m basing my comments on what I’ve read about the matter from a variety of former public company CEOs, CFOs, and COOs.
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Ahhh yes. As we all know regulations and requirements and bureaucracy never have unintended consequences, especially on the little guy. All that matters is intent, right?
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