| Sarbanes Oxley 404 refers to the section 404 of the | | | | members to understand their broader duties, and to |
| Sarbanes Oxley act according to which it entitles to | | | | clarify the issues faced by senior executives. After the |
| have stricter internal controls while documenting the | | | | signing of the Sarbanes Oxley act in 2002 the senior |
| financial status of the company. Most of the senior | | | | executives are faced with greater potential exposure |
| executive in the top corporate world emphasize on | | | | to personal liability towards the total documentation |
| compliance with Sarbanes Oxley 404 section. | | | | process of the financial status of the company. |
| Sarbanes Oxley 404 is directed towards | | | | There are several vendors that offer Sarbanes Oxley |
| management, members of corporate teams working | | | | software which specially deals with particular section |
| toward assessment of internal controls over financial | | | | of the act. Software offered by OpenPages |
| reporting and audit committee members. It resolves a | | | | especially refers to Sarbanes Oxley 404. It allows the |
| number of important issues that pertain to the | | | | company to automate the quarterly test and review |
| Sarbanes Oxley 404 compliance of management's | | | | of internal controls to lower the costs associated with |
| assessment process. | | | | compliance to the act over each quarter. This |
| Sarbanes Oxley 404 relates to management's overall | | | | software offered by OpenPages has user-specific |
| responsibilities, over financial reporting. It gives | | | | home pages. It also contain various other features that |
| management to have stringent controls over the total | | | | make is more friendly to use. These features are |
| process of assessment and documentation of | | | | mainly easy navigation, capability to create interactive |
| company's financial status. Although several help | | | | report, integration of email feature. This software also |
| guides and complete illustrations of the Act are | | | | holds key areas of functionality. These issues refer to |
| available in the market but the management should | | | | issue management and monitoring, management of the |
| consult with auditors or professionals like a legal | | | | project, documentation and compliance automation. |
| counsel to understand the total compliance with the | | | | After the compliance with Sarbanes Oxley 404 many |
| Sarbanes Oxley 404 section. | | | | executives feel that there has been a lot of |
| Sarbanes Oxley 404 also illustrates information that | | | | improvement in company's documentation procedure |
| helps in assistance of audit committee members and | | | | after using the Sarbanes Oxley software offered by |
| company management to understand their individual | | | | various vendors. Majority of key executives felt the |
| roles. It also points an overview to the added new | | | | need to have compliance with the law as it provides |
| responsibilities of the key executives in helping the total | | | | more transparent results and financial status of the |
| process of documentation as per the compliance of | | | | company. It also offers more controls to key |
| Sarbanes Oxley Act. | | | | executives over documentation procedures. |
| Sarbanes Oxley 404 also helps audit committee | | | | |