Compliance with SOX 404
Whether you are a non-accelerated filer addressing compliance with Section 404 of the Sarbanes-Oxley Act (SOX 404) for the first time, or an accelerated filer looking to improve on initial implementation efforts, Hood & Strong LLP can tailor a compliance approach to fit your needs.
Non-accelerated filers can benefit from our experience in implementing a multi-phased approach that can help you build towards SOX 404 compliance. This approach encompasses best practices gathered from the experiences of accelerated filers who were required to comply with SOX 404 for the first time in 2004.
For accelerated filers, Hood & Strong LLP can assist in a variety of ways. Our seasoned risk management professionals can review the results of your previous SOX 404 compliance efforts to ensure that plans for subsequent years adequately address financial reporting risks – and omit redundant testing wherever possible. Our internal audit specialists can assist in designing and conducting tests of internal controls over financial reporting – the assessments of design and operating effectiveness.
Additional Services
Many public (and non-public) companies have historically looked to their auditors to assist them in areas where the company didn't have resources – due to lack of time or technical knowledge – to address. These areas include:
Compliance issues for new accounting pro¬nouncements
Accounting treatment for non-routine transactions
Acquisition due diligence and purchase price allocation
Income tax provisions and estimates
Initial review of SEC filings
Internal audit functions
When the need arises for these services, think of Hood & Strong LLP. Our independent profes¬sionals can provide you with the expertise you need.
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