The law ensures transparency in the mapping out of money flow and checking information technology systems. This is helping big companies in winning investors but for the small companies the price is too costly. Also the compliance process is complex and long (Engel, Hayes, & Wang, 2007). This is causing companies to spend too much of their time in striving to get the certification, instead of focusing on more important strategies that are required for the businesses operation and growth.
I think the misconduct with regard to violation of securities laws continues because the crimes have existed since a long time ago. Violations like financial misstatement and financial fraud will not stop because they involve a lot of money which is very tempting to people. It is also very difficult to stop these crimes because the happen worldwide in the web (Romano, 2005). This makes it hard for the security police to stop all of them. All companies can do it put themselves in positions which will protect them from such