These recommendations include: A Simple Due Diligence Disclosure Document, Management Attestation, Standardized Financial Reporting Requirement, and Consistent Regulation of Financial Intermediaries.
What this says is that the State of Wisconsin can sell or contract out management of state-owned heating, cooling and power plants without the requirement that bids for such a sale or leasing be solicited so as to maximize what the government can pocket through such an arrangement.
This allows an investor to reduce his or her upfront capital requirementand to shelter real estate portfolios on the downside, while providing for alternative risk management strategies.
That said, relief from the one-size-fits-all audit requirement does allow companies to defer meaningful expense while allowing management discretion over when and how to deploy resources on the controls that matter most.