Don't take your eyes off the ball! - SOX Section 404 Extension (Continued)

Even the simplest of matters like the format of documents and the level of content will inevitably vary from business unit to business unit. The PMO must drive the project and ensure that everyone is reading from the same piece of paper, that the deliverables are clearly defined and, where external parties are being used, that the chain of communication is even more concrete.

In summary, the message that must be communicated is not to sit back and lose the momentum, but to step back and take a closer view on what it is that is being achieved, where the company currently is and what needs to be invested in the project, in terms of resources and time in order to comply with the requirements of 404.

This extension provides companies the prospect of getting the project completed correctly first time around,

Dennis L. Lindwall is the Managing Director and Head of Consuit’s Strategy Practice. He has worked extensively with Sarbanes Oxley for both accelerated and non-accelerated filers from the inception of the SOX legislation in 2002.