This questionnaire focuses on certain aspects of the IPO preparation process and specific areas management should address, including common financial reporting challenges, the close process, Sarbanes-Oxley compliance and IT infrastructure.

Sample questions include: Has the board approved the appropriate charters for the audit, nominating and compensation committees? Do the current board members have public company experience? Do any of the current directors qualify as a “financial expert,” as defined by Sarbanes-Oxley?