Chronological List of Publications, with Links

Please remember that older publications may be out of date because of new or changed standards or other reasons.

  • April 2010 Audit Committee Resource Guide
  • March 2010 Strategy matrix for global transfer pricing
  • February 2010 Cap and Trade Programs for Greenhouse Gas
  • February 2010 Reducing Financial Reporting Risk: It's More than Fixing Financial Controls
  • December 2009 Directors' Alert: Survival or Success: 10 Issues for 2010
  • December 2009 A Roadmap to Accounting for Business Combinations and Related Topics
  • May 2009 Deloitte Guidance on Software Revenue Recognition
  • February 2009 Deloitte's 6th Annual Global Security Survey
  • January 2009 Accounting for Business Combinations and Related Topics – A Roadmap to Applying FASB Statements 141(R), 142, and 160
  • November 2008 Accounting by sovereign wealth funds
  • September 2008 Deloitte's 7th annual fair value pricing survey
  • June 2008 Why you need to know about XBRL
  • April 2008 New Deloitte Audit Committee Brief on FEI 'Top Challenges'
  • November 2007 2007 Summary of International Public Sector Accounting Standards
  • May 2007 A Roadmap to the Accounting and Regulatory Aspects of Postretirement Benefits
  • May 2007 Accounting for Business Combinations, Goodwill, and Other Intangible Assets: A Roadmap to Applying Statements 141 and 142
  • March 2007 Uncertainty in Income Taxes: A Roadmap to Applying Interpretation 48
  • July 2006 Innovation in Emerging Markets: Strategies for Achieving Commercial Success
  • July 2006 Global Trends in Venture Capital - Deloitte Survey
  • June 2006 Managing in the Face of Exchange-Rate Uncertainty: A Case for Operational Hedging
  • May 2006 A Roadmap to Fair Value Measurements under FAS 123 Share-Based Payment
  • April 2006 Survey of SFAS 87 and SFAS 106 Pension and Postretirement Assumptions
  • February 2005 Under Control: Sustaining Compliance with Sarbanes-Oxley in Year Two and Beyond
  • February 2005 Sarbanes-Oxley Section 404: Compliance Challenges for Foreign Private Issuers
  • August 2004 Taking Control (SOX Section 404 Compliance)
  • February 2004 Sarbanes-Oxley: A Bridge to Excellence
Descriptions of the Publications


Strategy matrix for global transfer pricing
Deloitte's Strategy matrix for global transfer pricing continues to be the most comprehensive and authoritative guide of its kind. The 2010 edition contains essential information on transfer pricing regimes in 51 jurisdictions around the world and the Organisation for Economic Co-operation and Development (OECD). This 76-page book provides guidance for planning for transfer pricing methods, documentation, penalties, and other issues. Click to download Deloitte's 2010 Transfer Pricing Guide (PDF 594k, 76 pages).



Audit Committee Resource Guide
Deloitte (United States) has published a new Audit Committee Resource Guide. The guide explains what is expected of audit committee members and what one can expect from serving on an committee, from the perspective of United States public companies. The guide covers such areas as:
  • Composition and members – required expertise
  • Key responsibilities
  • Interaction with the internal auditors and the independent auditor
  • Education and evaluation.
In each section of the guide, Deloitte outlines the rules set forth by the NYSE, the NASDAQ, the PCAOB, and other regulators, as well as leading practices and questions for audit committees to consider. Additionally, the guide references relevant tools and resources, many of which are available on Deloitte's Center for Corporate Governance. Click to download the Audit Committee Resource Guide (PDF 7,450k).



Cap and Trade Programs for Greenhouse Gas
Deloitte's Climate Change and Sustainability Services team has published a paper on Cap and Trade Programs for Greenhouse Gas. Concern for the potential implications of climate change is leading governments to consider policies and programs designed to reduce greenhouse gas (GHG) emissions. Cap and trade programs are one option that is considered to be effective in creating a financial incentive for emissions reductions for large emitters in industrial sectors. The purpose of the paper is to present the key characteristics of greenhouse gas emissions cap and trade programs. A knowledge of cap and trade mechanisms is essential to understanding the impact on business, including carbon management, accounting, and tax implications.
The IASB's Emissions Trading Schemes Project

The IASB has on its agenda a project on Emissions Trading Schemes. The goal of that project, being conducted jointly with the US FASB, is to develop comprehensive guidance on the accounting for emissions trading schemes. The Board has tentatively decided that an entity should recognise emission allowances received free of charge from government as assets. The allowances should initially be measured at fair value. The Board decided tentatively that if an entity receives allowances free of charge from the government, the entity incurs an obligation to reduce its emissions below the level represented by those allowances (ie its cap). Therefore the entity has a liability that represents its promise to pay allowances throughout the commitment period. The liability exists irrespective of whether the entity had already emitted.

Click to download Cap and Trade Programs for Greenhouse Gas (PDF 1,123k, 11 pages, February 2010).



Reducing Financial Reporting Risk: It's More than Fixing Financial Controls
Deloitte United States has published Reducing Financial Reporting Risk: It's More than Fixing Financial Controls. This 'white paper' distills the evaluation of financial reporting risk into three major components:
  • People and organisational considerations
  • Process and policy considerations
  • Systems and information considerations
By posing probing questions to those with oversight of these areas, a CFO can develop a clearer view of the organization's current state of financial reporting risks and can champion improvements designed to reduce reporting risk as well as improve the effectiveness of the process. Click to download Reducing Financial Reporting Risk: It's More than Fixing Financial Controls (PDF 1,292k).



Directors' Alert: Survival or Success: 10 Issues for 2010
Deloitte's Global Center for Corporate Governance has published the second annual edition of its year-end Directors' Alert. Entitled Survival or Success: 10 Issues for 2010, the report represents a collaboration among the governance teams from 11 Deloitte member firms. It describes 10 key issues for boardrooms to consider in the New Year. Click to download Directors' Alert: 10 Issues for 2010 (PDF 244k, December 2009, 20 pages). One of those key issues is mastering the new financial lingua franca – the linga franca being, of course, Internatonal Financial Reporting Standards. Directors who oversee financial reporting must familiarise themselves with the new accounting framework as soon as possible. Audit committee members have an additional concern: many jurisdictions require them to be 'financially literate', which will mean being literate in an IFRS world. It is likely that many directors will need to upgrade their skills under an IFRS regime. This Alert suggests some steps directors can take take to help master the language of IFRS.



A Roadmap to Accounting for Business Combinations and Related Topics
Deloitte United States has published an updated edition of A Roadmap to Accounting for Business Combinations and Related Topics (PDF 2,197k, December 2009). This 285-page book reflects the FASB Accounting Standards Codification and includes a twelve-page appendix that examines differences between US GAAP and IFRSs (IFRS 3 and IASs 27, 36, and 38) on this topic. Contents of the book:
  • Section 1 - Scope of ASC 805
  • Section 2 - Identifying the Acquirer
  • Section 3 - Recognizing and Measuring Assets Acquired and Liabilities Assumed - General
  • Section 4 - Recognizing and Measuring Assets Acquired and Liabilities Assumed (Other Than Intangible Assets and Goodwill)
  • Section 5 - Recognizing and Measuring Acquired Intangible Assets and Goodwill
  • Section 6 - Recognizing and Measuring the Consideration Transferred in a Business Combination
  • Section 7 - Noncontrolling Interests
  • Section 8 - Income Tax Considerations
  • Section 9 - Push-Down Basis of Accounting
  • Section 10 - Subsequent Accounting for Intangible Assets (Other Than Goodwill)
  • Section 11 - Subsequent Accounting for Goodwill
  • Section 12 - Financial Statement Presentation Requirements
  • Section 13 - Financial Statement Disclosure Requirements
  • Section 14 - Transition Requirements and Other Adoption Considerations



Deloitte Guidance on Software Revenue Recognition
In October 1997, the American Institute of CPAs published Statement of Position (SOP) 97-2 Software Revenue Recognition. SOP 97-21 provides guidance on revenue recognition for software and software-related products. While primarily developed for the software industry, the SOP increasingly applies to other industries in which software has become more than incidental to products and services. While IAS 18 addresses revenue recognition broadly, there is no parallel in IFRSs to SOP 97-2. Since the issuance of SOP 97-2, US standard setters released a wide range of guidance (over 50 publications in all!) clarifying specific aspects of software revenue recognition, including SOP 98-4, SOP 98-9, various AICPA Technical Practice Aids, EITF Issues, and SEC guidance. Nevertheless, as software technology continues to evolve, entities are continually confronting new challenges in recognising revenue for software arrangements. Deloitte United States has published the second edition of Software Revenue Recognition – A Roadmap to Applying AICPA Statement of Position 97-2 (PDF 169 pages, 886k) to address some of the most difficult-to-interpret provisions of SOP 97-2 as well as provide a new overview of the main topics in SOP 97-2 under the following headings:
  • Scope
  • Basic revenue recognition principles
  • Multiple-element arrangements
  • Additional software products, upgrade rights, and discounts
  • Postcontract customer support (PCS)
  • Services
  • Contract accounting



Deloitte's 6th Annual Global Security Survey
Deloitte Touche Tohmatsu's Global Financial Service Industry (GFSI) group has published their 6th Annual Global Security Survey, which benchmarks IT security and privacy in the financial services industry. The survey is based on interviews with senior security officers from the world's top global financial institutions in 32 countries. Findings include:
  • As in previous surveys, respondents recognise that people are both an organisation's greatest asset as well as its weakest link. But security vigilance is even more important in hard economic times, when the increased stress levels can lead people to behave in atypical ways.
  • Even though both internal and external security breaches at financial institutions worldwide have fallen over the past 12 months, employee misconduct is a growing concern.
  • The growing popularity of social networks and the proliferation of mobile media such as USB keys, MP3 players and PDAs, all cause an extra load on internal and external security. These devices present opportunities for unauthorised download and storage of confidential information in an unprotected medium. This is one of the factors that has contributed to the sudden rise of data protection and information leakage as a top priority for financial institutions tied at second place with access and identity management.
  • The top three information security priorities of financial institutions are:
    • security regulatory compliance,
    • data protection and information leakage, and
    • access and identity management.
  • In 2008, financial institutions saw a decline in the number of both external (47% vs. 65% in 2007) and internal (27% vs. 30% in 2007) security breaches.
  • The leading drivers for financial institutions to protect the privacy of their clients information are privacy regulatory requirements (79%) followed by reputation and brand concerns (70%).
Click to download Deloitte GFSI's 6th Annual Global Security Survey (PDF 2,032k, February 2009, 60 pages).



Accounting for Business Combinations and Related Topics – A Roadmap to Applying FASB Statements 141(R), 142, and 160
Deloitte (United States) has published Accounting for Business Combinations and Related Topics – A Roadmap to Applying FASB Statements 141(R), 142, and 160 (PDF 1,658k, 286 pages, January 2009). This publication constitutes a single source for understanding the requirements of FASB Statements No. 141(R) Business Combinations, No. 142 Goodwill and Other Intangible Assets, and No. 160 Noncontrolling Interests in Consolidated Financial Statements, and available interpretive guidance. The release also includes Deloitte's interpretive views, as well as comparisons between certain US GAAP accounting requirements and related IFRS guidance. An outline of the contents Accounting for Business Combinations and Related Topics:
  • Executive Summary
  • Section 1 - Scope of Statement 141(R)
  • Section 2 - Identifying the Acquirer
  • Section 3 - Recognizing and Measuring Assets Acquired and Liabilities Assumed – General
  • Section 4 - Recognizing and Measuring Assets Acquired and Liabilities Assumed (Other Than Intangible Assets and Goodwill)
  • Section 5 - Recognizing and Measuring Acquired Intangible Assets and Goodwill
  • Section 6 - Recognizing and Measuring the Consideration Transferred in a Business Combination
  • Section 7 - Noncontrolling Interests
  • Section 8 - Income Tax Considerations
  • Section 9 - Push-Down Basis of Accounting
  • Section 10 - Subsequent Accounting for Intangible Assets (Other Than Goodwill)
  • Section 11 - Subsequent Accounting for Goodwill
  • Section 12 - Financial Statement Presentation Requirements
  • Section 13 - Financial Statement Disclosure Requirements
  • Section 14 - Transition Requirements and Other Adoption Considerations
  • Appendix A - Differences Between Statements 141 and 141(R)
  • Appendix B - Differences Between Pre-Amended ARB 51 and Statement 160
  • Appendix C - Differences Between U.S. GAAP and IFRSs
  • Appendix D - Glossary of Standards and Regulations



Accounting by sovereign wealth funds
Deloitte Touche Tohmatsu has published Minding the GAPP: Sovereign Wealth, Transparency, and the 'Santiago Principles' (PDF 2,720k, 20 pages, November 2008). This booklet explains the generally accepted principles and practices (GAPP) for Sovereign Wealth Funds (SWFs) that were agreed to by an International Working Group of SWFs in September 2008. SWFs are special-purpose investment funds owned by a national government to hold, manage, or administer assets to achieve financial objectives. Assets under management by SWFs globally have recently been estimated at $3.6 trillion, and some sources forecast that this could grow to as much as $9 trillion by 2012. Two of the new GAPP principles relate to financial reporting and auditing.



Deloitte's 7th annual fair value pricing survey
Deloitte LLP United States's 7th Annual Fair Value Pricing Survey (PDF 439k) has found that mutual funds are converging around certain universal fair value measurement practices. More than 50 fund managers representing more than 2,700 funds with assets under management exceeding $3.5 trillion participated in the survey. This is Deloitte's seventh survey on the valuation practices and industry policies and procedures used by asset managers. We have seen valuation practices evolve into a mature set of practices, policies, and procedures that continue to be refined as the range and complexity of investment types expand and the investment valuation tools improve. Specific 2008 findings include:
  • Seventy-four percent of those surveyed indicated that they have made changes to their valuation policies and procedures.
  • Sixty-three percent reported that FAS 157 has impacted their valuation policies and procedures.
  • Thirty-seven percent have added internal controls over valuation as a result of the credit crisis.
  • When obtaining broker quotes, more than 50 percent of participants seek more than one quote for fixed-income securities.
  • Greater than 75 percent noted that they are asking pricing services and brokers specific questions designed to understand the inputs and processes behind daily prices provided to mutual funds.



Why you need to know about XBRL
This booklet Why You Need to Know About XBRL (PDF 153k, June 2008), from Deloitte & Touche LLP (United States) contains Q&A about XBRL. While the booklet is written from the point of view of a US SEC registrant, most of the answers are relevant in a global context as well.



New Deloitte Audit Committee Brief on FEI 'Top Challenges'
In our News Story of 29 Dec 2007, we posted the list of the Top Challenges for Financial Executives for 2008, prepared by the CEO of Financial Executives International. Number two on the list was convergence of US GAAP and International Financial Reporting Standards: "Are the US markets ready for principles-based standards?" Deloitte has prepared the 2008 Special Edition of the Audit Committee Brief (PDF 120k, April 2008) to summarise each of the 11 FEI challenges and provide resources relevant to each topic.



A Roadmap to the Accounting and Regulatory Aspects of Postretirement Benefits
Deloitte & Touche LLP (United States) has published A Roadmap to the Accounting and Regulatory Aspects of Postretirement Benefits (PDF 1,521k, 188 pages). This publication summarises the common types of postretirement benefits, their funding requirements, and associated statutory and accounting guidance in the United States. An appendix contains a comparison of the accounting for postretirement benefits under US GAAP and IFRSs. The book is divided as follows:
  • Benefits and Plans. This section notes that postretirement benefits can be classified in various ways, including (1) defined benefit versus defined contribution and (2) pension benefits versus other postretirement benefits. This section discusses the various plans, distinguishing between them for tax, regulatory, and accounting purposes.
  • Funding/Management of Plan Assets. The funding of postretirement benefits continues to garner media attention because of concerns over the Pension Benefit Guaranty Corporation's deficit and the ability of employers to make good on their pension and other postretirement obligations. This section discusses the funding and management of defined contribution plans and defined benefit plans, including Internal Revenue Service and Employee Retirement Income Security Act considerations.
  • Statutory Considerations. A substantial body of regulation governs the funding and management of postretirement plans. Consideration should be given to these regulations in plan design as well as in any subsequent plan amendments or changes. These regulatory requirements also should be considered in determining the appropriate accounting for the benefit obligations. This section summarises the key reference points for the regulatory requirements, including the Pension Protection Act of 2006, and the regulatory processes that underlie the US system of benefit regulation.
  • Accounting. This section outlines the existing accounting model, including recently issued standards and implementation guidance. Also highlighted are the SEC staff's views on certain aspects of postretirement benefit accounting.



Accounting for Business Combinations, Goodwill, and Other Intangible Assets
Deloitte & Touche LLP (United States) has published Accounting for Business Combinations, Goodwill, and Other Intangible Assets: A Roadmap to Applying Statements 141 and 142 (PDF 884k, May 2007, 236 pages). This publication is a single source for both the requirements of FASB Statement No. 141 Business Combinations and No. 142 Goodwill and Other Intangible Assets, and available interpretive guidance. Where appropriate, Deloitte & Touche LLP interpretive views are included. In addition, it compares Statement 141 to IFRS 3 Business Combinations, and to an Exposure Draft of a proposed FASB Statement issued in June 2005 that is intended to replace Statement 141 (the IASB issued a nearly identical exposure draft at the same time).



2007 Summary of International Public Sector Accounting Standards
Deloitte's 2007 IPSAS Summary Booklet (PDF 472k, 1 November 2007, 36 pages). Summaries of IPSASs 1 to 24 plus two exposure drafts outstanding at the time of publication.



Uncertainty in Income Taxes: A Roadmap to Applying Interpretation 48
Deloitte & Touche LLP (United States) has published Uncertainty in Income Taxes: A Roadmap to Applying Interpretation 48 (PDF 416k, 75 pages, March 2007). FIN 48, which is effective for fiscal years beginning after 15 December 2006, introduces a new approach that significantly changes how entities recognise and measure tax benefits associated with tax positions and disclose related uncertainties in their financial statements.
Principles in FASB Interpretation 48
  • A tax position is a filing position that an entity has taken or expects to take on its tax return. Examples include a decision not to file a tax return, an allocation of income between jurisdictions, and a decision to exclude income from a tax return.
  • An entity cannot recognise a tax benefit in its financial statements unless it concludes that it is 'more likely than not' that the benefit will be sustained on audit by the taxing authority based solely on the technical merits of the associated tax position. In that evaluation, the entity must assume that the position:
    • (1) will be examined by a taxing authority that has full knowledge of all relevant information, and
    • (2) will be resolved in the court of last resort.
This publication provides guidance on applying FIN 48. While convergence of US GAAP and International Financial Reporting Standards (IFRSs) is a high priority of both FASB and the IASB, the requirements of FIN 48 differ in several respects from those of IFRSs, including differences in when a tax liability is recognised and how it is measured. Deloitte's FIN 48 book includes a comparison of the requirements of FIN 48 and IAS 37 Provisions, Contingent Liabilities and Contingent Assets.



Innovation in Emerging Markets: Strategies for Achieving Commercial Success
In recent years, global manufacturers have been enticed by the enormous business potential presented by emerging markets. But what is required to succeed in these markets whose cultures, customer requirements, labour practices, and regulatory regimes are very different than those in developed markets? How are companies adjusting their product offerings, human resource strategies, and supply chains? A new publication from Deloitte Innovation in Emerging Markets: Strategies for Achieving Commercial Success identifies five challenges that companies must innovatively tackle to achieve success in emerging markets:
  • Build new value propositions to deliver different product offerings that meet the unique needs of emerging market customers. In many cases, this will be at dramatically lower price points than in developed markets.
  • Globalise research and development by locating R&D facilities in emerging markets to acquire deeper customer knowledge, and to build, market and distribute tailored products.
  • Tailor talent management strategies to the unique needs of employees in emerging markets, rethinking how to effectively recruit, develop, deploy, and connect people.
  • Master the complexity of global value chains to provide autonomy at the local level, while leveraging the strengths of headquarters, including governance and management know-how.
  • Build risk management capabilities to effectively detect, correct and manage the unique profile of risks presented by emerging markets, such as the protection of intellectual property.
The research report is based on a global survey of more than 400 executives, as well as in-depth interviews with senior executives at several global manufacturers. Learn more by downloading Innovation in Emerging Markets (PDF 647k, 32 pages, July 2006).



2006 Global Venture Capital Survey
Deloitte's 2006 Global Venture Capital Survey (PDF 1,389k, 36 pages, July 2006) was conducted in association with Venture Capital Associations in the Americas, Asia Pacific and Europe, Middle East and Africa.
  • Over half of all the respondents come from outside the United States, which gives some indication of the growing profile of global VC communities.
  • Over half of all respondents – 53% of those in the United States and 58% non-US – are set on global expansion in the coming year.
  • VCs are increasingly viewing strategic alliances and international interdependence as a key method of globalisation. 75% of non-US and 71% of US respondents viewed these as key to success.
The report is based on 505 responses from general partners of venture capital companies with assets under management ranging from less than US$100 million to greater than $1 billion. Of the 505 total respondents, 279 were based in the Americas, 140 in Europe, Middle East and Africa and 86 in Asia Pacific.



Managing in the Face of Exchange-Rate Uncertainty
Deloitte Research has published Managing in the Face of Exchange-Rate Uncertainty: A Case for Operational Hedging (PDF 167k, June 2006, 8 pages). This report examines the risk exposures of large and long-term shifts in currency values to future business cash flow, especially changes to the US dollar vs Asian currencies. The report identifies operational hedging as a means for companies to create flexibility in their operating models. In contrast to financial hedging, operational hedging provides companies a broader range of options to manage long-term exchange rate risks and sustain future cash flows.
Operational hedging is a strategy designed to manage risks through operational means. It provides companies with flexibility in their supply chains, financial positions, distribution patterns and market-facing activities by allowing dynamic adjustments in the locations used to manufacture, source, and sell. When deployed carefully, such flexibility can help to reduce the impact of large and long-term shifts in currency values on costs and revenues.



A Roadmap to Fair Value Measurements under FAS 123 Share-Based Payment - Second Edition Deloitte & Touche (USA) has updated its book of guidance on FASB Statement No. 123(R) Share-Based Payment: A Roadmap to Applying the Fair Value Guidance to Share-Based Payment Awards (PDF 2335k). This second edition reflects all authoritative guidance on FAS 123(R) issued as of 28 April 2006. It includes over 60 new questions and answers, particularly in the areas of earnings per share, income tax accounting, and liability classification. Our interpretations incorporate the views in SEC Staff Accounting Bulletin Topic 14 "Share-Based Payment" (SAB 107), as well as subsequent clarifications of EITF Topic No. D-98 "Classification and Measurement of Redeemable Securities" (dealing with mezzanine equity treatment). The publication contains other resource materials, including a GAAP accounting and disclosure checklist. Note that while FAS 123 is similar to IFRS 2 Share-based Payment, there are some measurement differences that are Described Here.



2005 Survey of Year-end Pension and Postretirement Benefit Plan Assumptions
Deloitte Consulting LLP's Human Capital practice has published its survey of year-end pension and postretirement benefit plan assumptions. The survey provides insights to publicly traded corporations and their chief financial officers about the economic assumptions used in preparing the 2004 year-end pension (Statement of Financial Accounting Standards No. 87) and other postretirement employee benefit plan (SFAS No.106) accruals and disclosures of 291 Fortune 500 companies. The survey shows how those companies selected financial assumptions and can be used as a benchmark for similarly situated companies. Click to Download the Study (PDF 618k, October 2005, 13 pages).



Sarbanes-Oxley Section 404: Compliance Challenges for Foreign Private Issuers
In the United States, public companies large and small have laboured over the requirements of section 404 of the Sarbanes-Oxley Act. Accelerated filers with international operations are now finalising their assessment of internal control over financial reporting. Foreign Private Issuers (FPIs), beginning with year-ends on or after 15 July 2005, are required to include an internal control report from management in their annual report. Although the SEC has delayed the effective date of section 404 several times, Deloitte highly recommends that FPIs do not change the timing or scope of their section 404 work. Deloitte's publication, Sarbanes-Oxley Section 404: Compliance Challenges for Foreign Private Issuers (PDF 287k, 10 pages, February 2005), summarises the experiences of FPIs and highlights key challenges that your company may face as part of your section 404 readiness activities.



Under Control: Sustaining Compliance with Sarbanes-Oxley in Year Two and Beyond
In response to a compelling need to bring more order, predictability, and value to section 404 compliance, Deloitte & Touche LLP (United States) has released a new publication, Under Control: Sustaining Compliance with Sarbanes-Oxley in Year Two and Beyond. Under Control provides a straightforward discussion of the essential characteristics of sustainability, as well as plain-English guidance for deriving long-term value from internal control programs. The document clearly and simply explains key concepts, provides practical advice, and analyses critical shortcomings that many companies experienced in their first-year efforts. Click to Download Under Control (PDF 409k, February 2005, 20 pages).



Taking Control: A Guide to Compliance with Section 404 of the Sarbanes-Oxley Act of 2002
Taking Control is a comprehensive guide to compliance with Section 404 of the Sarbanes Oxley Act. That section requires a registered company's management to assess and report on the effectiveness of the company's internal control over financial reporting, and requires auditors to attest to and report on management's assessment. Section 404 applies to "accelerated filers" effective for financial years ending on or after 15 November 2004. The date is deferred until years ending on or after 15 July 2005 for foreign (non-US) registrants and non-accelerated filers. Taking Control targets non-accelerated filers and foreign private issuers that may be just getting their work under way, as well as companies currently involved in their section 404 projects. Click to download Taking Control (PDF 397k, 43 pages, August 2004).



Sarbanes-Oxley: A Bridge to Excellence
Dealing with the mandates of the Sarbanes-Oxley Act has proved something of a scramble for public companies. And not just US companies, because the 1,400 foreign registrants in the US have to comply, and so do the thousands of foreign subs of US registrants. In the course of assisting with hundreds of section 404 readiness and other Sarbanes-Oxley-related projects, we have learned numerous lessons and gained valuable insights. The Deloitte (USA) publication Sarbanes-Oxley: A Bridge to Excellence (PDF 517k, February 2004) reveals Deloitte's point of view on Sarbanes-Oxley compliance. Compliance is just one step on the bridge to excellence. Corporate leaders who embrace the "spirit of the law" – strong ethics, good governance, reliable reporting – can get a re-energized company and reassured investors.


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