Skip navigation
How to Comply with Sarbanes-Oxley Section 404
Book

How to Comply with Sarbanes-Oxley Section 404

Assessing the Effectiveness of Internal Control

Wiley, 2004 more...


Editorial Rating

6

Qualities

  • Applicable

Recommendation

Author Michael Ramos provides comprehensive, meticulously detailed information. He offers a detailed guide to evaluating your company’s internal controls. He addresses Sarbanes-Oxley Section 404 legislation, as well as associated Security and Exchange Commission (SEC) and Public Company Accounting Oversight Board (PCAOB) regulatory requirements, even covering the COSO and COBIT reporting frameworks. While expert and exhaustive, the book suffers from a dense, academic writing style. getAbstract.com suggests it to those who seek a very detailed compliance overview and who already have experience with understanding auditing standards and related governmental regulations.

Take-Aways

  • The Sarbanes-Oxley Act says management must be sure the organization’s internal financial controls are adequate and accurate.
  • Management must assess these controls and attest to their quality, or face penalties.
  • In your assessment, focus on how information flows, not on how documents flow.

About the Author

Michael Ramos, CPA, is a consultant and writer who works with auditing and accounting technical matters. He has written general practice manuals, implementation guides and authoritative AICPA and accounting guides.