September 7, 2009

What Is Meant by “Internal Control Over Financial Reporting” and “Disclosure Controls and Procedures”?

Questions & Answers from Protiviti's "Guide to The Sarbanes-Oxley Act: Internal Control Reporting Requirements"

This section of Protiviti's "Guide to The Sarbanes-Oxley Act" addresses common questions concerning internal control over financial reporting and disclosure controls and procedures. Some topics covered are: What are examples of disclosure controls and procedures that generate required disclosures? How is internal control over financial reporting distinguished from disclosure controls and procedures? And, are there examples of internal control over financial reporting that fall outside the realm of disclosure controls and procedures?