• Internal Control Over Financial Reporting -- Updated
  • October 14, 2004 | Author: Mark S. Bergman
  • Law Firm: Paul, Weiss, Rifkind, Wharton & Garrison LLP - New York Office
  • In June 2003, the SEC adopted rules relating to internal controls for SEC reporting companies. The rules implement the requirements of Section 404 of the Sarbanes-Oxley Act of 2002 (the "Act"). As a result of theses new rules, SEC reporting companies will be subject to a new regime governing internal controls and new reporting requirements. These rules require: