I keep hearing how burdensome it is to comply with SEC requirements but it seems to be about manually disclosing and verifying finances that are otherwise secret. Sometimes I wonder about a minimum viable public company that just published the real books. How much overhead is really required just to exist?
Agreed. For GE or P&G that have tons of vertically integrated moving parts and the complex accounting for it, I can intuitively understand that compliance and accounting would be huge and complex. But there are many billion dollar companies with a more streamlined and simple economic model, and the tools should exist to comply with the SEC as part of the normal workflow.
