Drawing on original material by an expert in auditing and accounting, How to Comply with Sarbanes-Oxley Section 404 features a step-by-step process for evaluating a company’s internal control and proving these systems are effectively in place. This hands-on resource is packed with such practice aids as forms, checklists, illustrations, diagrams, and tables to assist anyone who participates in the planning or performance of an evaluation–including CFOs, internal auditors, and outside consultants.

Clearly and logically organized to make the material as accessible as possible, How to Comply with Sarbanes-Oxley Section 404 covers:

• Management’s required assessment of the entity’s internal control
• Considerations for outside consultants
• Controls over information technology systems
• Coordinating with independent auditors
• Documenting your planning decisions
• Hard-to-test entity-level control objectives
• What auditors expect from management’s evaluation process
• Documentation: what it is…and is not
• Assessing the adequacy of existing documentation
• Internal control reliability model
• Evaluating the design and implementation of Sarbanes-Oxley automated compliance tools
• An action plan for testing and evaluating entity-level controls
• Operating effectiveness: test design considerations
• Annual and quarterly reporting requirements
• Expanded reporting on management’s responsibilities for internal control
• Example disclosures of a material weakness
• Example reports on management’s responsibilities for reporting and internal control

In addition to financial results, companies must now analyze and evaluate the quality of the processes and controls used to report these results. How to Comply with Sarbanes-Oxley Section 404 provides a comprehensive, logically structured approach to help readers test and evaluate internal control in their companies.

Designed specifically for Sarbanes-Oxley Section 404 compliance, How to Comply with Sarbanes-Oxley Section 404 features:

• A step-by-step approach to engagement performance
• Original material from a leading expert in auditing and accounting
• Practice aids, including forms, checklists, illustrations, diagrams, and tables
• In-depth explanations to help professionals understand how best to approach the internal control engagement
• Examples and action plans providing blueprints for implementing requirements of the Act