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"There is a migration of these schemes and scams to smaller corporations and individuals," Mr. Everson said at a Treasury Department briefing attended by federal and state tax officials.
While the report singled out the I.R.S.'s increased focus on partnerships, it also said that the agency was increasingly focusing on smaller corporations, or those with less than $50 million in assets.
Fourth, even the smaller corporations are motivated to do a better job with disaster recovery and off-site data protection as a result of the Sarbanes-Oxley law, which set new financial reporting and auditing rules for businesses and other legislation.
Last week's struggle to succeed Jack F. Welch Jr. as chairman of General Electric ended with blood on the boardroom floor, but the two also-rans could brood in private, and take solace in the fortunes they will amass running other (albeit smaller) corporations.
Unlike startups and smaller corporations, the largest technology companies have traditionally had enviable access to the debt markets, allowing them to raise relatively cheap money through corporate bond issues.
Smaller corporations from developing countries also participate, he said, as do religious leaders, academicians, politicians and journalists.
Similar(54)
"We need to hold government contractors to a high standard," Mr. Feingold said, "and I do not think that large corporations should be given a free pass for behavior that would typically result in the debarment of a smaller corporation".
A smaller corporation may wish to hire a PCAOB Consultant strictly on a freelance basis when necessary.
Small corporations tend to pay even less.
For one thing, large and small corporations alike must adopt a culture of disclosure.
There are black gangs of such size, sophistication & economic well-being that they put many small corporations to shame.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com