Sarbanes-Oxley (SOX) 404 Compliance Services

Section 404 of the Sarbanes-Oxley Act requires the auditor to form an opinion (404b) about whether management’s assessment (404a) of the effectiveness of the internal control is fairly stated in all material respects.

SEC Approves New Guidance Compliance Re: SOX 404

As expected, the Securities and Exchange Commission (SEC) voted May 23, 2007 to adopt final guidance for management on evaluating and assessing internal control over financial reporting as required by Section 404 of the Sarbanes-Oxley Act of 2002. The SEC also said it will not delay implementation for nonaccelerated filers, which means those companies must comply with management reporting provisions by their fiscal year ending after December 15, 2007, and the auditor attestation requirement a year later, as planned.

The experienced professionals at Freed Maxick & Battaglia, CPAs use a multi-phased approach to help you build towards Section 404 compliance. We develop a plan to assess and document your company’s internal controls.

Our approach is tailored to the specific needs and complexities of your company and includes four phases:

1. Planning
2. Assess design effectiveness
3. Assess operating effectiveness
4. Ongoing monitoring

At Freed Maxick, our SOX consulting methodology follows the Committee of Sponsoring Organizations (COSO) of the Treadway Commission guidelines, the standard for internal control. COSO is not only an integral component of our methodology, but the essence of the framework is built into our software tools.

Freed Maxick & Battaglia, CPAs is Western and Upstate New York's (NY) largest public accounting firm and a Top 100 firm in the U.S. Freed Maxick provides, audit, tax and consulting services to private and public (SEC) companies in Buffalo, Rochester, Syracuse and Albany New York. Affiliated with RSM McGladrey, the 5th largest accounting firm in the U.S., Freed Maxick has vast national and international resources to help your business expand nationally and internationally.
 

Related SOX 404 Compliance Services:

• Enterprise Risk Management
• Sarbanes-Oxley (SOX) Consulting
  • SOX 404 Compliance
  • SOX IT Audits
• Internal Controls -Non-Profits | Private Companies
• Internal Audit Consulting
• Disaster Recovery - Business Continuity Planning
• Technology Risk Management Services
  • Strategic Information Technology Planning
  • Information Systems Selection - Implementation
  • Technology Assessments - System Reviews
  • Information Systems Security - Controls Consulting
  • SAS 70 Reviews
  • SAS 70 Audits
  • PCI Data Security Standard Compliance
    

SOX 404 Compliance Resources:

New! SEC Approves New Guidance for SOX 404 Compliance: The SEC voted to adopt final guidance for management on evaluating and assessing internal control over financial reporting as required by Section 404 of Sarbanes-Oxley. The SEC will not delay implementation for non-accelerated filers, which means those companies will comply with the management reporting provisions by their fiscal year ending December 15, 2007. Click the Icon on the left to read more about the new guidance. Find out about our SOX 404 Compliance Services here.

Sarbanes-Oxley (SOX) Compliance for Non-Accelerated Filers: Public (SEC) companies that are Non-accelerated filers need to begin their section 404 compliance initiative as soon as possible. According to the current SEC rules, these companies must be in compliance for the first fiscal year ending after July15, 2007.. Section 404(a) of the Sarbanes-Oxley Act focuses on management responsibilities to ensure adequate internal control over financial reporting. What should you do now to meet the deadline? Download our SOX 404 Compliance Overview. Find out about our SOX 404 Compliance Services here.

Five Risk Management Strategies to Implement Now: Are you safeguarding your company's success? Managing risk in key areas of your business can help safeguard the future of your company — and put you on track toward certain SOX requirements without undue expense or effort. Click the icon on the left to download Five Risk Management Strategies to Implement Now.

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