JOBS Act might put investors in the dark about faulty accounting

04/5/2012 | Wall Street Journal, The

The U.S. Jumpstart Our Business Startups Act, which President Barack Obama signed Thursday, exempts small, new companies from mandatory outside audit of internal financial controls, a change that might deprive investors of information about problems that could become serious over time. The provision is one of many measures in the law that relax securities regulations in an effort to cut costs for small businesses and help them raise capital.

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Wall Street Journal, The

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