If you think of an additional area that should be included, or would like to suggest a new link, please e-mail Bill Sinnett at firstname.lastname@example.org.
can't find what you're looking for?
« back to the Knowledge Center
SOX Compliance by Small Public Companies
A recent inquiry from one FEI member prompted this response from Bill Sinnett, FERF Director of Research.
We have been a non-accelerated SOX company but we need to be compliant by the Spring for the year-end financials. As part of our financial close SOX review, I'm trying to put together my own "CFO checklist" of month-end duties. Do you happen to have an example or know anyone that already has implemented something like this?
When I was in a Controller role I had all kinds of month-end checklists to sign-off but since being in a CFO capacity for the past 8 or so years I never really used one but now I want to formalize the process of what I review for each reporting period. Obviously I can come up with my own but I'm curious what other CFO's might be using?
First, here is a link to NASDAQ’s current Corporate Governance Rules (Scroll down to 5600):
Second, one important aspect of internal control is segregation of duties, which your auditors will check during your annual audit. FERF just released a Segregation of Duties Checklist, written by BDO Consulting. Here is a link:
Third, FEI has an entire section dedicated to Sarbanes-Oxley:
The most recent post (January 2009), was when the Public Company Accounting Oversight Board published Staff Views – An Audit of Internal Control Over Financial Reporting That Is Integrated with An Audit of Financial Statements: Guidance for Auditors of Smaller Public Companies.
Here are some older links:
And still more information:
Finally, one of the best guides to Sarbanes-Oxley was published by Protiviti in 2002 “Frequently Asked Questions about Section 404”: