SOx 404 Compliance Road Map
Section 404 of the Sarbanes-Oxley Act of 2002 requires management to provide management assessment over internal control in the annual report.
Beginning with its Annual Report on Form 10-K for the year ended XXXX; the Company will be required to include a management report on internal control over financial reporting that contains these elements.
• A statement of management’s responsibility for establishing and maintaining adequate internal controls and procedures for financial reporting;
• A statement identifying the framework (e.g., COSO) used by management to evaluate the effectiveness of internal control over financial reporting;
• A statement that the issuer’s independent auditor has issued an attestation report on management’s assessment.
The Section 404 certifications will be signed by the CEO and CFO. In the Company’s annual report for the year ended XXXX, and for each quarter of (year), the CEO and CFO have signed the certifications required by Sections 302 and 906 of the Act regarding the Company’s disclosure controls.
The objective of this document is to establish the framework and standard policy for compliance with Section 404 of the Act.
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