| Publisher | KPMG International | ||
|---|---|---|---|
| Format | 275.7KB PDF, requires Acrobat Rdr 5 | Date added | 24 Jun 2004 |
| Topics | Sarbanes-Oxley, Law and Government | ||
| Downloads | 94 | ||
Members of Congress and representatives of federal government agencies have begun discussions that could eventually lead to the requirement for federal agency management to provide an assertion in their agency's financial statements on their internal controls over financial reporting and to obtain an independent auditor's opinion on those internal controls. In effect, the federal government is inching toward applying the same type of reporting requirements to federal agencies that are now required of publicly traded companies under section 404 of the Public Company Accounting Reform and Investor Protection Act of 2002 (Sarbanes-Oxley).
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