Foreign investors concerned about impact of Sarbanes-Oxley.

• Position: International

Section 404 of the Sarbanes-Oxley Act has caused some anxiety among foreign investors and analysts, according to a recent survey from PricewaterhouseCoopers.

The problem stems from many foreign investors not being well-informed about Section 404, which requires that all SEC-registered companies provide a statement about the effectiveness of its internal controls over financial reporting.

According to a recent survey, 77 percent of U.S. respondents said they knew "at least a little" about Section 404, while only 66...