Management’s Sox 404 Responsibilities
Effective Year End 2004 CEO & CFO must include a report in the Annual Report indicating:
- They have designed and maintained a system of internal controls for financial reporting using a recognized internal control framework
- They have tested internal controls and found them to be designed and operating effectively
The Auditor has evaluated the design and effectiveness of the controls and found them to be operating effectively
Effective Q1 2005, CEO and CFO must certify quarterly that there are no significant changes to internal controls for financial reporting using a recognized internal control framework.
