According to some U.S. companies what gives foreign firms a competitive advantage in the capital market?
A) The foreign companies don't have standards similar to GAAP.
B) The foreign companies don't have strict ethical codes.
C) The Sarbanes-Oxley Act which requires more stringent internal controls on U.S. firms.
D) The foreign companies don't have to be audited.
Correct Answer:
Verified
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