June

Heads Up newsletter on SEC and PCAOB SOx 404 decisions

03 Jun 2007

At its 23 May 2007 open meeting, the SEC approved guidance (proposed in December) for management of registrants to use in evaluating internal control over financial reporting as required by Section 404 of the Sarbanes-Oxley Act of 2002.

The next day, the PCAOB approved Auditing Standard No. 5 An Audit of Internal Control Over Financial Reporting That is Integrated with an Audit of Financial Statements. AS 5 is subject to SEC approval. We have posted the 31 May 2007 Edition of the Heads Up Newsletter (PDF 81k). It summarises the SEC's and PCAOB's decisions related to Section 404, as well as other recent SEC and PCAOB developments of interest.

Correction list for hyphenation

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