There is no question that the cost of complying with Section 404 of the Sarbanes-Oxley Act of 2002 (SOX) is sky high. In fact, surveys and other sources of evidence make it clear that the administrative burden of compliance is significant enough for most companies to warrant a review of strategies and tactics for maximizing value-add from the compliance process. While SOX compliance is an important goal, both executive management and directors are asking tough questions.
This sample questionnaire can be used by management and board members to incorporate strategies for integrating compliance activities around SOX Sections 404 and 302 to assist in achieving a sustainable internal control structure.