New York (April 2, 2004) -- Big Four firm KPMG has unveiled the 404 Institute -- a proprietary Web portal that includes best practices, discussion and research related to compliance with Sarbanes-Oxley Section 404, the portion of the reform bill mandating management’s assessment and maintenance of its internal reporting controls.


All Securities and Exchange Commission-regulated companies must be in 404 compliance by November.


KPMG said the site would facilitate seminars, conferences, forums and academic research on SOX 404. Timothy P. Flynn, vice chair of KPMG’s Audit and Risk Advisory Services, added that the portal would help companies “leverage their current and future investments in internal controls, ultimately driving operating efficiencies and enhancing the transparency of financial reporting.”


The 404 forum also plans to appoint an advisory council comprised of corporate and industry executives, as well as representatives from various universities and business schools. The 404 Institute can be viewed at www.404Institute.com.


-- WebCPA staff

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