The US regulatory environment is continually changing. An awareness of the legal, regulatory and capital impacts of business decisions is needed. The Sarbanes-Oxley Act introduced requirements around internal control over financial reporting and corporate governance.
Sarbanes-Oxley compliance requirements have elevated the role and responsibility of auditors while taking aim at the C-suites with tough new rules that call for increased accountability from top company executives. Corporate disclosure, compliance oversight, controls monitoring, company training, and the practice of public accounting all have been impacted by Sarbanes-Oxley.
Most companies face a compliance concern related to Section 404 of the Sarbanes-Oxley Act. This rule requires management to assess the effectiveness of the company's internal control over financial reporting, including the appropriateness of the documentation to support these controls, and include its findings in the company's annual report to shareholders.
If this is your situation:
For all US SEC registered organisations — whether subsidiaries of US domestic registrants or foreign private issuers — that need to comply with the requirements of Section 404 of the Sarbanes-Oxley Act, PwC provides a range of services to help you achieve compliance, as follows: