As a result of the Sarbanes-Oxley Act, financial reporting costs were reduced, and many non-U.S. firms decided to place new issues of their stock in the United States.

Question

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The Sarbanes-Oxley Act increased financial reporting costs, and many non-U.S. firms decided to avoid the U.S. stock market due to the increased regulatory burden and potential legal liabilities.

As a Result of the Sarbanes-Oxley Act, Financial Reporting Costs