Section 404 of the Sarbanes Oxley Act continues to be a major undertaking for those companies falling under its remit - and one where the consequences of getting it wrong can be serious.
What do we offer?
For organisations going through this for the first time, PKF can help you achieve full compliance with Section 404. Working closely with you, we will:
- deliver a comprehensive programme to document, evaluate and test your system of internal controls
- improve your internal controls (including IT and individual systems controls)
- provide an assessment in a form suitable for external audit
- establish an ongoing process to maintain compliance in future years
- provide a SAS70 Type II attestation review if required (e.g. if you provide significant outsourced services to US companies).
For organisations that have already been through this, PKF can help you to ensure ongoing compliance and to improve the efficiency and cost of doing so.
Why choose PKF?
PKF is currently providing Section 404 related services to companies around the world through our international network in which the UK firm plays a major role. We have adopted a common approach and work together to deliver the services wherever needed.
Our Section 404 clients include companies in the following sectors:
- Chemicals
- Insurance
- Software and technology
- Energy
- Waste management
- Logistics and transportation
- Manufacturing.
We recognise that Section 404 can place a major burden on managers and so we tailor our services to minimise the disruption whilst providing robust assurance and advice on improvements to controls and processes. We achieve this by using an experienced and highly qualified team with relevent industry knowledge.
Find out more
Please click here to read Control matters PKF's newsletter that looks at news and views on internal control developments.
To find out more information on PKF's S404 services for business please click here.
More information on Sarbanes Oxley requirements
For the latest position, check the following websites:
Securities Exchange Commission
PCAOB
21st September 2005 - Securities Exchange Commissin (SEC) made an announcement in respect of the deadlines for compliance for smaller firms. For further information please use the link below to read their article in full: http://www.sec.gov/news/press/2005-134.htm.
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