Sarbanes-Oxley Section 404
A Guide for Small Business

For 2007 annual reports, smaller public companies need to assess their internal control over financial reporting.

It doesn't have to be a chore.

Other Sources of Guidance

The SEC has published many other sources of useful guidance that can help smaller companies perform the management assessment of internal controls under Sarbanes-Oxley Section 404. You should start with the SEC's website at http://www.sec.gov/spotlight/soxcomp.htm. Other good sources are:

• The SEC's June 2003 Implementing Rules
  (http://www.sec.gov/rules/final/33-8238.htm)
• The SEC's June 2007 Interpretive Guidance
  (http://www.sec.gov/rules/interp/2007/33-8810.pdf)
• The SEC's Rules Defining Material Weakness and Regarding Voluntary Use of the Interpretive Guidance
  (http://www.sec.gov/rules/final/2007/33-8809.pdf)
• The SEC's Rule Defining Significant Deficiency
  (http://www.sec.gov/rules/final/2007/33-8829.pdf)
• The SEC Staff's FAQs
  (http://www.sec.gov/info/accountants/controlfaq.htm)

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