Smaller than a Sarbox?

Finance executives at small public issuers contend that the current broad-brush approach to Section 404 compliance isn't fair to their companies. But a movement is afoot to tailor the internal-controls rules to fit diminutive sizes.

David M. Katz, CFO.com

Sometimes the difference between a big company and a small one can be revealed in the simplest of acts, like writing a check.

Take Socket Communications, a publicly traded company that took in $26 million in revenues last year. At Socket, management has an uncomplicated way to make sure its payouts are on the up and up: Every single check the company doles out is signed by hand by one of the top four executives.

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