Section 404 reference.(ABA Resources)(Brief Article)

From: ABA Banking Journal | Date: April 1, 2005 | Copyright information

To help community banks registered with the Securities and Exchange Commission--especially those that are nonaccelerated fliers--to negotiate the intricacies of the Sarbanes-Oxley Act's Section 404, ABA is offering "Management Reporting on Internal Controls Over Financial Reporting."

The in-depth, 89-page reference manual is available free online to ABA members.

The Sarbanes-Oxley Act of 2002, along with the subsequent rules and regulations, has resulted in some significant changes in procedures relating to internal controls. Specifically, Section 404 of the act requires ...

Read all of this article with a FREE trial to HighBeam Research

Related newspaper, magazine, and trade journal articles from HighBeam Research

(Including press releases, facts, information, and biographies)

One easy (but long) step to more effective internal controls or, what are the consequences of considering internal controls as consequences?
; ...talks about improving internal controls. Auditors focus on the...will say that effective internal controls are important. So, why...instituting effective internal controls? This article explores...
Financial Managers' Expanded Role in Internal Controls
; ...organizations have new rules concerning internal controls, including the 2004 revisions of...regulations reflect increased attention to internal controls from auditors, the Office of Management...accountants, can be held responsible for internal controls failures. The responsibility ...
Cover your assets with good internal controls
; ...their world will make sure that good internal controls are in place. Consider these statistics...unsecure ways of doing business. "Internal controls" is the name accountants give to...receipts, you're practicing good internal controls. It gets more complicated than that...
Sarbanes-Oxley's effects on internal controls for revenue
; ...addresses perceived weaknesses in internal controls, the systems a public company employs...have demonstrated the inadequacy of internal controls with regard to revenue recognition...Provisions New auditing requirement for internal controls. Auditors must "test" the scope of...
Commentary: Internal controls in employee benefit plans
; ...using plan funds. Maintaining proper internal controls over plan assets and operations is...in performing any fiduciary duty. Internal controls should be designed to protect the...recordkeepers), the design of plans' internal controls can differ significantly. The first...
CONTROL SELF-ASSESSMENT: EVERYBODY PITCHING IN WITH INTERNAL CONTROLS
; ...Establishing and maintaining strong internal controls over financial reporting and disclosure...from their companies. To truly embed internal controls accountability in the fabric of an...external, that an organization's internal controls system is reliable. CSA is a sustainable...
Risk managers urged to help shape governance; Scandals show need for influence over internal controls.(Spotlight: Professional Liability Risks)
; ...management community over the adequacy of internal controls in preventing malfeasance, according...weigh in meaningfully on corporate internal controls. The idea of moving into that arena...should attempt to have some input on internal controls, some experts say. Ultimately, the...
Are your internal controls helping you?(privateCOMPANIES)
; ...significant benefits from enhanced internal controls. Appropriate, properly functioning internal controls offer powerful benefits to private...keenly aware that a lack of strong internal controls increases investment and operational...
ASSESSING AND DOCUMENTING INTERNAL CONTROLS OVER FINANCIAL REPORTING
; ...American people. Managers implement internal controls to ensure that programs operate effectively...and audit requirements related to internal controls over financial reporting. In the...agencies do not maintain effective internal controls over financial reporting. In response...
Internal Controls and the ISA Program
; ...for Demonstrated Compliance Strong internal controls can limit a company's risk exposure...competitive benefits. The need for strong internal controls is not limited to financial areas...companies that can demonstrate strong internal controls. One such initiative, the Importer...