Sarbanes-Oxley Section 404 Committee Guide: Description and Relationships

A Sarbanes-Oxley Section 404 compliance steering committee serves three primary functions: (1) to evaluate and approve project plans, approve major scoping decisions, review major project findings, and approve internal control reports, (2) to provide a sounding board for the project team to discuss and resolve major issues when and if they arise, and (3) to assist the project team by gaining access to the internal resources needed to successfully complete projects.

This guide provides a detailed overview of the Sarbanes-Oxley Section 404 compliance steering committee's composition, function and operating style. It also includes the interrelationship between a steering committee and a disclosure committee.