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Critics of the Sarbanes-Oxley Legislation argue that SOX 404 reduces the stock valuations of small firms. Question: What is SOX 404? Specifically, how could SOX 404 reduce the stock valuations of small firms? Why is this important? Explain.

Critics of the Sarbanes-Oxley Legislation argue that SOX 404 reduces the stock valuations of small firms.

Question: What is SOX 404? Specifically, how could SOX 404 reduce the stock valuations of small firms? Why is this important? Explain.

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