Internal Control Reporting--Implementing Sarbanes-Oxley Section 404.

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Internal Control Reporting--Implementing Sarbanes-Oxley Section 404 (No. 029200CPA02). Section 404 of the Sarbanes-Oxley Act requires public companies to include a separate report on the assessment of the effectiveness of the entity's internal control with their annual report to the SEC. Additionally, the entity's external auditors must attest to and report on the assessment made by management. These reporting requirements generally become effective for the end of the entity's first fiscal year ending on or after June 15, 2004.

This useful guide articulates significant technical issues and provides direction for managers--including CEOs, CFOs, internal auditors and other...