(Reuters) - The standard was imposed on corporate America by Congress
in 2002 amid scandals where investigators often found weak
controls. Section 404 required companies to pay more attention
to internal controls and to get their external auditors to
review them.
The relaxed standard will affect the handling of Section
404 reviews by corporations and major audit firms such as
PricewaterhouseCoopers [PWC.UL], Ernst & Young [ERNY.UL], KPMG
[KPMG.UL], and Deloitte & Touche [DLTE.UL].
Read more at Reuters.com Government Filings News
in 2002 amid scandals where investigators often found weak
controls. Section 404 required companies to pay more attention
to internal controls and to get their external auditors to
review them.
The relaxed standard will affect the handling of Section
404 reviews by corporations and major audit firms such as
PricewaterhouseCoopers [PWC.UL], Ernst & Young [ERNY.UL], KPMG
[KPMG.UL], and Deloitte & Touche [DLTE.UL].
Read more at Reuters.com Government Filings News
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