http://www.treasuryandrisk.com/issues/14_8/corporate_governance/306-1.html
FILLING IN THE BLANKS ON SECTION 404 COMPLIANCE By John Labate
This article is an excellent one about the challenges facing everyone as the fist group of companies try to get the attestation of internal controls into compliance by a looming deadline.
In an August speech, Donald T. Nicolaisen, chief accountant at the Securities and Exchange Commission, reiterated that “it is absolutely critical that we get the internal control requirements right”. Also of interest was the paragraph of the article that discussed the role of spreadsheets. And this is just the beginning...after initial section 404 will come the quarterly compliance of Section 302, making internal controls a continuous improvement process.
FILLING IN THE BLANKS ON SECTION 404 COMPLIANCE By John Labate
This article is an excellent one about the challenges facing everyone as the fist group of companies try to get the attestation of internal controls into compliance by a looming deadline.
In an August speech, Donald T. Nicolaisen, chief accountant at the Securities and Exchange Commission, reiterated that “it is absolutely critical that we get the internal control requirements right”. Also of interest was the paragraph of the article that discussed the role of spreadsheets. And this is just the beginning...after initial section 404 will come the quarterly compliance of Section 302, making internal controls a continuous improvement process.
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