VCs seek Sarbanes shift to ease flow of new IPOs - San Francisco Business Times:

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And some of those ideas involve reengaging accounting firms and investment banks who lost focusson venture-backed companies after the advent of Sarbanes Oxley accountingh rules. Sarbanes Oxley, passed in overhauled the financial reporting requirements forpublic companies, making the process lengthier and more complicated with the goal of creatiny more accountability. The rules also made the act of going public muchmore expensive, which many investorz and company executives say effectively barred small to mid-calp companies, the bread and butter of venture capitalisy exits, from filing for public offerings.
What’s when they were first implemented, the Sarbanes Oxlet rules overwhelmedaccounting firms, meanintg the Big Four didn’t have time to deal with smalledr companies. But VCs were wary of relying on smallefraccounting firms.