Ask 10 accountants on the street what they think about the Sarbanes-Oxley Act, and 11 of them will probably say, "It costs way too much!" This message has been repeated so many times that no one seems to doubt it.Ask 10 accountants why their company or their clients don't report operating cash flow using the recommended direct method (instead of the virtually universal indirect method), and 11 of them will say, "It costs way too much!"
Ask 10 accountants what they think about quarterly reporting, and 11 of them will say, "It costs way too much!"
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