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Sarbanes-Oxley News & Developments
Where Material Weaknesses Really MatterSome experts believe that during the 2005 annual-report season, many companies may be required to report material weaknesses in their internal controls -- and that those disclosures will hurt those companies credit ratings and share prices.
> > There is no shortage of research detailing the struggles of CFOs with Section 404 of Sarbanes-Oxley, which became effective November 15 for companies first fiscal year ending after that date. Section 404 guides how auditors report on companies assessments of their internal controls.
Source: CFO
Published:2004-11-19
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