Drawing on original material by an expert in auditing and accounting, How to Comply with Sarbanes-Oxley Section 404 features a step-by-step process for evaluating a company’s internal control and proving these systems are effectively in place. This hands-on resource is packed with such practice aids as forms, checklists, illustrations, diagrams, and tables to assist anyone who participates in the planning or performance of an evaluation--including CFOs, internal auditors, and outside consultants.
Clearly and logically organized to make the material as accessible as possible, How to Comply with Sarbanes-Oxley Section 404 covers:
- Management’s required assessment of the entity’s internal control
- Considerations for outside consultants
- Controls over information technology systems
- Coordinating with independent auditors
- Documenting your planning decisions
- Hard-to-test entity-level control objectives
- What auditors expect from management’s evaluation process
- Documentation: what it is…and is not
- Assessing the adequacy of existing documentation
- Internal control reliability model
- Evaluating the design and implementation of Sarbanes-Oxley automated compliance tools
- An action plan for testing and evaluating entity-level controls
- Operating effectiveness: test design considerations
- Annual and quarterly reporting requirements
- Expanded reporting on management’s responsibilities for internal control
- Example disclosures of a material weakness
- Example reports on management’s responsibilities for reporting and internal control
