In the past few years, massive efforts have been expended to prepare and implement the requirements of the Sarbanes-Oxley Act, in particular Section 404. While a corporation’s management and board of directors have always been responsible for internal control, the level of scrutiny by the investing public and the regulatory bodies has reached new levels. As a result, today more than ever before an organization’s internal audit function must be robust and contribute to ensuring the accuracy of financial reporting.
