There are many 'small' companies on the OTCBB that this requirement is not 'very' costly. It depends a lot on size. The bigger the enterprise of course the more likely it is to cost more to comply (via audits, attorneys, etc.)
The Sarbanes-Oxley Act, which is composed of eleven sections, was intended to restore public confidence in the reporting and financials of large, publicly traded corporations. The 6 main objectives of the Sarbanes-Oxley Act are as follows:
1) to ensure that auditors remain independent;
2) corporations and auditors are accountable to the public for the numbers they publish;
3) an independent body governs financial reporting processes;
4) sufficient measures are in place to deter fraudulent activity;
5) financial activities are transparent enough to allow fraud detection to occur;
6) and if fraud is detected, someone is held responsible.
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Being a 'real' company, with true ambitions of growing, these are steps that happen in time. If and when USA national accounts activate on the scene, higher probability exists to continue to 'move up' and grow imo. It's natural. It's more affordable (because relative sales and profits help pay for it) and more sophisicated investors (individuals and institutions, etc.) desire/require it.
Do your own due diligence; factors and conditions change.
"I have faith that the time will eventually come when employees and employers, as well as all mankind, will realize that they serve themselves best when they serve others most.", B.C.Forbes
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