Alamonte Springs, Fla. (Aug. 9, 2004) -- The Institute of Internal Auditors has issued a position paper clarifying the role of the internal auditor in Sections 302 and 404 of Sarbanes-Oxley.

Section 404 of Sarbanes-Oxley requires management's development and monitoring of procedures and controls for making their required assertion about the adequacy of internal controls over financial reporting, as well as the required attestation by an external auditor of management’s assertion. Section 302 requires management's quarterly certification of not only financial reporting controls, but also disclosure controls and procedures.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access