 |
Sarbanes-Oxley News & Developments
The SOX 404 Compliance CountdownAre you prepared to meet the deadlines and issues?
> > SOX Section 404 states that all public companies must have documenting and evaluating controls over all company financial reporting.
The SEC proposed that SOX Section 404 become effective for those public companies having a fiscal year ending on or after September 15th, 2003. This timeline associated with the proposed implementation date demands an accelerated project plan approach to meeting the most important deadlines and requirements in Section 404.
Technology firms will more than likely be the most challenged by melding their revenue recognition practices with upcoming, even more demanding corporate governance surrounding financial controls.
Source: CFO - Revenue Recognition
Published:2004-03-16
|
|
