Sox 404 Implementation

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1、ImplementingSOX404-AnIntroductionSoX404应用-简介ThisarticleisthefirstofaseriesthatwilldiscusssomeoftherequirementspubliccompaniesfaceastheyimplementSection404oftheSarbanes-OxleyActof2002(SOX404). Section404oftheActrequireseachannualreportofapubliccompanytoincludeareportbymanage

2、mentonthecompany'sinternalcontroloverfinancialreporting. Thisreportshouldcontain:·Astatementofmanagement'sresponsibilityforestablishingandmaintainingadequateinternalcontroloverfinancialreportingforthecompany  ·Astatementidentifyingtheframeworkusedbymanagementtoevaluatetheef

3、fectivenessofinternalcontrol  ·Management'sassessmentoftheeffectivenessofinternalcontrolasoftheendofthecompany'smostrecentfiscalyear ·Disclosureofmaterialweaknesses(Amaterialweaknessisasignificantdeficiencyorcombinationofsignificantdeficienciesthatresultinmorethanaremotelik

4、elihoodthatamaterialmisstatementwillnotbepreventedordetected.) ·Astatementthatitsauditorhasissuedanattestationreportonmanagement'sassessmentSOX404alsorequiresthecompany'sauditortoattestto,andreporton,management'sassessmentoftheeffectivenessofthecompany'sinternalcontroloverf

5、inancialreporting.BecauseSOX404focusesoninternalcontroloverfinancialreporting,itisimportanttounderstandwhatthatmeans. "Internalcontroloverfinancialreporting"isdefinedasaprocessdesignedby,orunderthesupervisionof,theprincipalexecutiveandprincipalfinancialofficers,andeffectedb

6、ytheboardofdirectorsandmanagement,toprovidereasonableassuranceregardingthereliabilityoffinancialreportingandthepreparationoffinancialstatementsforexternalpurposesinaccordancewithgenerallyacceptedaccountingprinciples. Itincludesthosepoliciesandproceduresformaintainingaccount

7、ingrecords,authorizingreceiptsanddisbursements,andsafeguardingassets.这篇文章是一系列讨论公司应用Sox法案时需要面对各种问题的第一篇.法案第404部分要求公司在发表年报时,应当包含一份公司管理阶层对财政的内部操控报告.这份报告应当包括:*一份管理阶层对财政报告建立和维护适当的内部操控职责的说明*一份管理阶层对内部操控效率评估所使用的框架的说明.*在公司最近财政年度结束时,管理阶层对内部操控效率的评估.*公布物质弱点(物质弱点是指由于物质上综合性明显缺乏所导致的不可避免或无法

8、到的物质虚报)*一份由审计员提供的关于管理阶层评估的证据报告Sox404同时要求公司的审计员为管理阶层在财政报告中声明的效率评估作证.Sox404关注的是财政报告中