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Sarbanes-Oxley News & Developments
PCAOB Chief: Some 404 Audits ExcessiveMcDonough foresees a "severe conversation" with accountants who engage in too much testing of their clients internal-controls reports.
> > If you think your outside auditors are going too far when they examine your Section 404 compliance for your company, William McDonough may give you reason to smile.
Speaking at a roundtable discussion held by the SEC, McDonough commented on the inspections of the PCAOB audit firms and their work on Section 404 of the Sarbanes-Oxley Act. That section guides companies assessments of their internal controls and auditors reports on those assessments.
Source: CFO
Published:2005-04-13
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