The crown jewel of the recently passed Jumpstart our Business Startups, or JOBS, Act is the "IPO on-ramp" -- a raft of provisions reducing disclosure and auditing requirements in an effort to make it easier for "emerging growth companies" to raise capital from the public. While this legislation may make it cheaper for many companies to go public, it may also mark a return to the kinds of accounting fraud we have not seen in this country for more than a decade.
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