Saturday, April 09, 2005

WebCPA: Tools and Resources for the Electronic Accountant

The Securities and Exchange Commission has unveiled the agenda for next week's day-long meeting on internal controls compliance.

The April 13 roundtable will include a series of six panels comprised of representatives of public companies, auditors, investors and attorneys.

Section 404 of the sweeping Sarbanes-Oxley Act mandates that public issuers assess the effectiveness of their internal controls over financial reporting. For large companies, compliance became mandatory last year. For smaller companies with a market cap under $700 million and over $75 million compliance becomes mandatory in 2006.

See full Article.