Sarbane Oxley
Compliance | Sarbanes Oxley 404 Compliance
Since its passage
in 2002, the Sarbanes Oxley Act has spotlighted the realm of
corporate governance as it pertains to compliance with legal
regulations. Corporations have spent thousands of hours in preparation
for their first attempt to earn an ‘unqualified’ attestation from their
public accountants. That
attestation is required to substantiate management assertions as to the
overall effectiveness of their internal control frameworks, as mandated
by Section 404 of the act. As the
first deadline approached in December, 2004, many CEOs and CFOs believe
they have adequately navigated the course laid out for them by the act.
But do corporate efforts to comply with Section 404 supply enough
information to avoid the unforeseen complications of future
noncompliance events?
Or have they addressed
only the tip of the Sarbane Oxley
Compliance iceberg?
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