SarBox - Benefits for Private Co's

This article notes that one of the greatest risks for private companies is an improperly functioning control environment.

A recent PricewaterhouseCoopers Trendsetter barometer survey of nearly 350 fast-growth CEOs found that one in four of the fastest-growing, privately held businesses in the country have voluntarily adopted some of the Sarbanes-Oxley "best practices" that have emerged from their public sector counterparts.

Why would they do this? To help create better companies—ones that are attractive to public and private investors, merger & acquisition prospects, customers and other stakeholders. In many private companies, internal controls remain informal. However, inadequate control systems leave companies vulnerable to a broad spectrum of risks.

Private companies reaping the benefits of Sarbanes-Oxley

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http://www.pwc.com/extweb/pwcpublications.nsf/docid/CEA8FB685C018B26852572AA0052CEDF/$file/business_to_business.pdf