Few would dispute that these are remarkable times in the history of capital markets, as public companies undertake major accounting changes to meet new regulatory requirements. But to what lengths might companies go to protest?
Exasperated by the enormity of it all—and resigned to the inevitability that they’ll have unfavorable reports to file—some public companies may be considering a bold approach. Karl Nagel & Co., a consultancy focused on helping public companies meet their mushrooming reporting requirements, is provoking companies to consider the alternative; namely, widespread civil disobedience related to Section 404 of Sarbanes-Oxley.
