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One key aspect of the final rules that I think will be beneficial to startups is that there are no required audited financial statements for first time crowdfunding issuers, providing audited financial statements is an expensive and time intensive process – one that many startups cannot afford at their current stage of growth. Allowing reviewed financial statements instead of audited ones lowers the cost for startups who are seeking to raise funding.
Found on FOX News 9 years ago
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