Sarbanes Oxley Section 404: All Encompassing
January 29th, 2009 | by admin |When sifting through the difficult terrain of The Sarbanes Oxley Act, there’s a small section that even though not long in verbiage, is huge in terms of corporate challenges and compliance. The legislation being referred to is sarbanes oxley section 404. SARBOX 404 although tiny in size poses a monumental task for corporations to adhere to. In short, section 404 requires all publicly-traded corporations to fully document their internal controls and reporting procedures for all financial transactions. And that is no easy task; for it encompasses almost every department within the corporation, esp. in the areas of accounting and information technology (IT).
