Internal Controls for Financial Reporting as required by the SEC
Copedia SOX 404 Lite is our complete solution for compliance with Section 404(a) of the Sarbanes-Oxley Act of 2002.
SOX Section 404(a) requires publicly traded companies to include an internal control report in their Annual Report which must:
(1) state the responsibility of management for establishing and maintaining an adequate internal control structure and procedures for financial reporting; and
(2) contain an assessment, as of the end of the most recent fiscal year of the issuer, of the effectiveness of the internal control structure and procedures of the issuer for financial reporting.
The SOX404Lite product is an internal control assurance and reporting system designed specifically for small business issuers as defined by the SEC (small business issuers have less than $75 million in public float).