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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (340838)6/20/2007 3:53:23 PM
From: tejek  Read Replies (1) of 1579580
 
The chief regulatory culprit is SOX section 404, which requires both management and the company’s outside auditors to annually assess the firm’s internal controls over financial disclosures. The Securities and Exchange Commission initially estimated that section 404 compliance would require only 383 staff hours per company per year.

Internal controls should be SOP in any large corporation. I maintain them for myself in my small business. I wouldn't want to own a company that doesn't have good internal controls.
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