Problem: Section 404
As an Internal Auditor you have been given the task of creating a specific checklist to ensure compliance with Section 404.
Review the requirements of Section 404 and create a list identifying compliance requirements. The checklist should include information about reporting requirements, audits, IT security, and any other topics relevant to Section 404 compliance. The checklist should include information on internal controls over financial reporting (ICFR) controls as well as any known difficulties in complying with Section 404.
Evaluation Criteria and Rubric
1. List the compliance requirements of Section 404
2. Include information about ICFR controls
3. Include information about reporting requirements, audits, and IT security
4. Include information about known Section 404 compliance difficulties.
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.