Sarbanes-Oxley Act Section 404 Demands More Robust Financial Reporting

Ernst & Young Real Estate Advisory Services releases report for corporate real estate execs

Ernst & Young has released a new report titled CREs are Cruising in the Unsure Waters of Sarbanes-Oxley. With a focus on Section 404 of the Sarbanes-Oxley Act (SOX) of 2002, the report highlights how company’s efforts to address financial reporting issues are only the tip of the iceberg. The industry is beginning to realize that the underlying processes to develop the financial statements also need to be more robust, with corporate real estate executives (CREs) playing a more integral role in achieving corporate goals.

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