Sarbanes-Oxley Section 404 compliance is a major line of business for the biggest accounting firms.

Question

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The Sarbanes-Oxley Act of 2002 requires public companies to establish and maintain adequate internal control over financial reporting, and Section 404 of the Act specifically requires management to assess and report on the effectiveness of those controls. This has led to a significant increase in demand for services related to Section 404 compliance, making it a major line of business for the biggest accounting firms.

Sarbanes-Oxley Section 404 Compliance Is a Major Line of Business