Lord & Benoit, in a report, says that smaller companies face myriad Sarbox challenges, especially those moving up from start-up status. It lists the top ten threats to compliance:

(1) Accounting and disclosure controls
(2) Treasury
(3) Competency and training of accounting personnel
(4) Control environment
(5) Design of controls or lack of effective compensating controls
(6) Revenue recognition
(7) Financial closing process
(8) Inadequate account reconciliations
(9) Information technology
(10) Consolidations, mergers, and intercompany accounts. Article [1]