SOX Compliance Best Practices Revealed In New Report

Senior officers from 27 Fortune 500 companies share their practices, pitfalls and successes during the year-one implementation of Section 404 in "Sarbanes-Oxley Section 404 Implementation -- Practices of Leading Companies," published by Financial Executives Research Foundation (FERF), the research arm of Financial Executives International (FEI).

Sarbanes-Oxley Section 404 requires public companies to evaluate the effectiveness of internal controls over financial reporting. Further, an external auditor must audit these internal controls in conjunction with their audit of the financial statements.

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