The main reason for the recent migration of a large number of firms from public-to-private ownership is
A)blue-sky laws.
B)Sarbanes-Oxley Act.
C)International Accounting Standards (IAS).
D)advent of shelf registration.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act, which imposes strict regulations on public companies in terms of financial reporting and corporate governance, has led many firms to switch to private ownership in order to avoid such regulations and associated costs.

The Main Reason for the Recent Migration of a Large