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Debasish Bose edited Even_with_all_of_its__.md
almost 8 years ago
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Even with all of its achievements, criticism (like - increased compliance costs relative to revenue putting pressures on bottom lines especially for smaller companies) followed SOX Act too.
After Criticism has also been raised that after the enforcement of SOX Act, smaller international companies found it more appropriate to list under U.K. stock exchanges as opposed to U.S stock
exchanges.\cite{PIOTROSKI_2008}
However exchanges.\cite{PIOTROSKI_2008}. In reality, however compliance costs relative to revenue continued to shrink since 2004.
In spite of the non-trivial impact of the compliance cost to the bottom line, public shareholders appreciated the increased corporate transparency and quality of corporate governance enforced by the act.