|Section||Summary||Associated Audit Events and Features|
A statement of management's responsibility for establishing and maintaining an adequate internal control structure and procedures for financial reporting; and management's assessment, as of the end of the company's most recent fiscal year of the effectiveness of the company's internal control structure and procedures for financial reporting, Section 404 requires the company's auditor to attest to, and report on management's assessment of the effectiveness of the company's internal controls and procedures for financial reporting in accordance with standards established by the Public Company Accounting Oversight Board. (Source: Securities and Exchange Commission.)
What does this mean from an Information Technology standpoint?
The key is the reliability of financial reporting.
|Implement change data capture.||Server Events:|