COSO issues guidance on SOX 404 compliance for smaller public companies

By: Cydney Posner

Today, COSO published its long-awaited guidance on SOX 404 compliance for smaller public companies. Click here for the SEC's press release regarding the COSO guidance.  Click here forthe COSO exposure draft. The COSO guidance is not intended to replace or modify the standard COSO framework (i.e., there is no COSO lite), but instead provides guidance for smaller public companies to assist them in applying the framework and illustrates ways to design and implement effective internal control in a cost-effective manner.

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