SOX Center

Congressman Gregory W. Meeks (D-NY), a member of the House Financial Services Committee, along with Reps. Tom Feeney (news, bio, voting record) (R-Fla.) and Pete Sessions (news, bio, voting record) (R-Texas) will be holding press conference on Tuesday, March 13 in room SC-6 of the Capitol at 10:00 AM in order to re-introduce a bill to make improvements to Section 404 of the Sarbanes-Oxley Act of 2002. The bill is designed to reduce some of the financial burdens that have been put on small to mid cap businesses as a part of attesting to the soundness of their internal control functions.

The bill is the COMPETE Act of 2007, which stands for Competitive and Open Markets that Protect and Enhance the Treatment of Entrepreneurs Act first introduced by both Meeks and Feeney in 2006.

Yahoo!: U.S. Reps. Meeks, Feeney and Sen. DeMint Aim to Make Improvements to Section 404 of the Sarbanes-Oxley Act of 2002

The first Sarbanes-Oxley section 404 reporting deadline is fast approaching. Is your organization prepared to meet it?

To aid you in this effort, our white paper, Sarbanes-Oxley Section 404: 10 Threats to Compliance, is attached below. This paper identifies 10 key internal control issues that many companies find especially challenging. Drawing on Deloitte & Touche LLP’s field experience with more than 800 Sarbanes-Oxley section 404 readiness projects, this paper can help you take a proactive approach toward these issues and assist in keeping your section 404 project on track.

Deloitte White Paper: Sarbanes-Oxley Section 404 - 10 threats to compliance