TITLE IV - ENHANCED FINANCIAL DISCLOSURES
SEC. 404. MANAGEMENT ASSESSMENT OF INTERNAL CONTROLS.
(a) RULES REQUIRED. - The Commission shall prescribe rules requiring each annual
report required by section 13(a) or 15(d) of the Securities Exchange Act of
1934 (15 U.S.C. 78m or 78o(d)) to contain an internal control report, which
shall -
(1) state the responsibility of management for establishing
and maintaining an adequate internal control structure and procedures for financial
reporting; and
(2) contain an assessment, as of the end of the most recent
fiscal year of the issuer, of the effectiveness of the internal control structure
and procedures of the issuer for financial reporting.
(b) INTERNAL CONTROL EVALUATION AND REPORTING. - With respect to the internal
control assessment required by subsection (a), each registered public accounting
firm that prepares or issues the audit report for the issuer shall attest to,
and report on, the assessment made by the management of the issuer. An attestation
made under this subsection shall be made in accordance with standards for attestation
engagements issued or adopted by the Board. Any such attestation shall not be
the subject of a separate engagement.
About OpenPages
OpenPages is the leading provider of Governance, Compliance and Risk
Management solutions
for Sarbanes-Oxley Compliance, Financial Controls Management, General
Compliance Management, Operational
Risk Management and IT
Governance.
The company’s solutions provide the visibility, decision support and
control to improve accountability, better manage risk, achieve compliance
with numerous regulations, improve operational performance and align strategies
to ensure better results.
Market-leading corporations in financial services, manufacturing, telecommunications,
media/entertainment, retail/consumer, energy, high technology, health services
and life sciences rely on OpenPages to help them achieve sustainable governance,
risk and compliance management -- enabling them to become well-governed businesses.
Founded in 1996, the company is headquartered in Waltham, Massachusetts, with
regional offices throughout North America and international offices in London, Munich, Paris, Tokyo and Hong Kong.
For more information on OpenPages' suite of business governance software solutions
or to register for an online demonstration, please call 781-693-5999 or visit
www.openpages.com.
|
