Assess the compliance requirements of Section 404 and prepare a checklist to ensure Section 404 compliance.
Assignment Requirements
This assignment builds upon the role-play conducted in the Roles section of this lesson. In this assignment, you play the role of an internal auditor. You’ve been given the task of creating a specific checklist to ensure compliance with Section 404.
You need to 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.