What does SOx Section 404 Address?

Section 404 is a subset of Section 302 and addresses Financial Statement Reporting controls

Under 404, CEO and CFO must:

• Issue Internal Control Report in 2004 Company Annual Report
• Certify Quarterly as to effectiveness of Internal Controls over Financial Reporting beginning 2005

  The Accounting Firm must:

• Issue two opinions on internal controls over financial reporting in Company 2004 Annual Report: (1) Management’s assessment process and (2) effectiveness of controls