January 26, 2007
GT Wins COSO bid to help Small Business with 404
Congratulations to Grant Thornton for winning the bid that COSO put forth to help small businesses make sense of the COSO model and improve their Section 404 projects.
This makes sense to have a firm who is not the Big Four undertake this project. The Big Four was heavily involved in the two COSO frameworks now in use "Internal Control — Integrated Framework" and "Enterprise Risk Management". But these were difficult for smaller companies to right size to their requirements.
So the SEC has come out with additional guidance for management which is out for comment and will be final February 27, 2007. And this help for smaller companies in the monitoring areas will be additional support for their Section 404 projects.
If your company needs assistance in the effective and sustainable compliance in SOX 404 or MI 52-109, contact http://www.issuescentral.com/ for more information on Compliance Playbook® for companies based outside of Canada. For Canadian based companies, see http://www.compliancepartner.ca/ for more information on Compliance Partner™ from Thomson Carswell.
This makes sense to have a firm who is not the Big Four undertake this project. The Big Four was heavily involved in the two COSO frameworks now in use "Internal Control — Integrated Framework" and "Enterprise Risk Management". But these were difficult for smaller companies to right size to their requirements.
So the SEC has come out with additional guidance for management which is out for comment and will be final February 27, 2007. And this help for smaller companies in the monitoring areas will be additional support for their Section 404 projects.
If your company needs assistance in the effective and sustainable compliance in SOX 404 or MI 52-109, contact http://www.issuescentral.com/ for more information on Compliance Playbook® for companies based outside of Canada. For Canadian based companies, see http://www.compliancepartner.ca/ for more information on Compliance Partner™ from Thomson Carswell.
