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Sarbanes-Oxley News & Developments
PCAOB Cites "Enormous Challenges" of 404Sarbanes-Oxley challenges were compounded when 'companies needed to make significant improvements in their internal control systems to make up for deferred maintenance.'
> > In a detailed report, the Public Company Accounting Oversight Board (PCAOB)stated that companies and accounting firms "faced enormous challenges" in their first year of implementing Section 404 of the Sarbanes-Oxley Act, which requires companies to document their internal controls.
Source: CFO
Published:2005-12-05
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