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Sarbanes-Oxley News & Developments
Control FreaksAre companies and auditors going overboard on 404 in the first year?
> > In a PCAOB statement, the SEC said "the overarching principle of this guidance is the responsibility of management to determine the form and level of controls appropriate for each company and to scope their assessment and the testing accordingly." Auditors, it added, must recognize that there is a "zone of reasonable conduct" by companies that is acceptable.
Source: CFO
Published:2005-05-16
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