| Publisher | PricewaterhouseCoopers | ||
|---|---|---|---|
| Format | 116.7KB PDF | Date added | 01 Jul 2004 |
| Topics | Finance, Sarbanes-Oxley | ||
| Downloads | 92 | ||
Many companies rely on spreadsheets as a key tool in their financial reporting and operational processes. As a result, the use of spreadsheets is an integral part of the information and decision-making framework for these companies. In developing and using spreadsheets, companies need to balance their ease and flexibility against the importance of reliable information for management's use. The requirements under Section 404 of the Sarbanes-Oxley Act increase the focus on controls related to the development and maintenance of spreadsheets. This paper discusses the evaluation of the control environment and specific control activities that should be considered by management in evaluating the use of significant spreadsheets as part of their 404 process.
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