
Smaller public companies performing their first management assessment under Sarbanes-Oxley Section 404 may find their first year of compliance particularly challenging. To help unravel the maze of uncertainty, Lord & Benoit has gathered historical evidence of material weaknesses from companies with revenues under $100 million.

Almost 70% of employed adults earn retirement benefits A Wall Street Journal Online/Harris Interactive Personal Finance Poll revealed that 69 percent of employed U.S. adults receive some type of retirement or other savings benefit from their employer and that just under half of employed adults (49 percent) can participate in a 401(k) plan.

The American Institute of CPAs wrote to Congress this week supporting the inclusion of language that would allow S corporations to grow and attract capital from foreign sources in the small business tax package incorporated in H.R. 2206, the bill to provide supplemental funds for the war in Iraq, currently being considered by Congress.
SEC approves SOX changes
New 403(b) rules give employers more control
IRS collection program draws more privacy critics
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Every public company is fearful of failing when it comes to
noncompliance under Sarbanes-Oxley Section 404. Smaller public
companies attempting to become compliant in their first year face
even more challenges. Lord & Benoit's survey gathered historical
evidence designed to aid smaller companies navigate the sometimes
harrowing journey to SOX compliance. This list provides crucial data
that you can use in developing your strategy to assess high level risks
within your company.
Tim Polzer
Managing Editor
editor@accountingweb.com