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Sarbanes-Oxley Compliance Services
Sarbanes-Oxley Act
On July 30, 2002, The Sarbanes-Oxley Act was signed into law, in an attempt to reverse the trend of increased financial regularities and high profile business failures throughout the US. The two most notable sections of this complex act are Sections 302 & 404.

Section 302 – Effective 8/29/02. This section mandates that CEO’s and CFO’s personally certify financial statements and filings, as well as affirm that they are responsible for establishing and enforcing “disclosure controls and procedures” at all levels in their corporation. With each quarterly filing, they must also certify that they have evaluated the effectiveness of these controls, and must disclose to their audit committee all significant deficiencies, material weaknesses, and acts of fraud.
Section 404 – Effective 6/15/04 or 4/15/05. This section requires that SEC registrants include in their Annual Report, an Internal Control Report that contains management’s assertions regarding the effectiveness of the company’s internal control structure and procedures over financial reporting. This report must articulate the following:
 
Management’s responsibilities to establish and maintain adequate internal control over financial reporting.
The framework used by management as criteria for evaluating the effectiveness of these internal controls.
Management’s assessment as to the effectiveness of the company’s internal control over financial reporting based on management’s evaluation of it at year end, including disclosure of any material weaknesses.

Furthermore, this report must also state that the company’s independent public accountant who audited the financial statements, has attested to and reported on management’s evaluation on these internal controls.

  To respond to this set of regulatory requirements, APPRIMUS CONSULTING has developed a comprehensive suite of
SOX Compliance Advisory & Support Services.
 
 
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