(c) Construct the arguments in favour of Professor Leroi’s remark that external reporting

(c) Construct the arguments in favour of Professor Leroi’s remark that external reporting requirements on internal

controls were ‘too ambitious’ for small and medium companies. (4 marks)

(c) The external reporting requirements (from the Sarbanes-Oxley section 404) being ‘too ambitious’ for small and mediumcompaniesThere are several arguments to support Professor Leroi’s remark.Fewer spare resources to carry out internal control. SMEs tend