Richard Hall Tax Partner and Stephen Callahan Tax Director KPMG discuss the long-term significance for tax directors of section 404 of the Sarbanes Oxley Act
Post-Enron and Worldcom the Sarbanes Oxley Act (the Act) was passed 97-nil through the US Senate. Section 404 of the Act (SOX 404) introduces a requirement for group management to include in the financial statements a report on the company's systems of internal control over financial reporting and the effectiveness of their operation. This will be accompanied by a statement by the auditors attesting to management's conclusion on control effectiveness.
Major US groups are now coming to terms with the Act which requires compliance for their first accounting periods ending on or after 15 June 2004. UK groups and other European...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Richard Hall Tax Partner and Stephen Callahan Tax Director KPMG discuss the long-term significance for tax directors of section 404 of the Sarbanes Oxley Act
Post-Enron and Worldcom the Sarbanes Oxley Act (the Act) was passed 97-nil through the US Senate. Section 404 of the Act (SOX 404) introduces a requirement for group management to include in the financial statements a report on the company's systems of internal control over financial reporting and the effectiveness of their operation. This will be accompanied by a statement by the auditors attesting to management's conclusion on control effectiveness.
Major US groups are now coming to terms with the Act which requires compliance for their first accounting periods ending on or after 15 June 2004. UK groups and other European...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
