Section 404 of the Sarbanes-Oxley Act of 2002 (Management Assessment of Internal Controls): Current Regulation and Congressional Concerns

Seitzinger, Michael V.

Library of Congress. Congressional Research Service.

关键词: Securities;    Stock exchanges;    Securities regulation;    Financial institutions;   

RP-ID  :  RS22482
RP-ID  :  RS22482_2010Jul21

美国|英语

来源: UNT Digital Library

【 摘 要 】

This report discusses Section 404 of the Sarbanes-Oxley Act of 2002, which requires the Securities and Exchange Commission (SEC) to issue rules requiring annual reports filed by reporting issuers to state the responsibility of management for establishing and maintaining an adequate internal control structure and procedures for financial reporting and for each accounting firm auditing the issuer's annual report to attest to the assessment made of the internal accounting procedures made by the issuer's management.