Sarbanes-Oxley

Emerging trends in internal control - second survey

presents the results of our April 2004 survey on how companies are addressing their Sarbanes-Oxley Section 404 implementation challenges. Similar to our December 2003 survey, this new publication highlights various key issues and presents our market observations. The publication is the second in a series of periodic updates.

Our December 2003 survey polled companies on the early phases of Section 404 implementation and was summarized in our publication, Emerging Trends in Internal Controls Initial Survey. Our current survey was conducted in April 2004, and like the previous survey, is representative of a wide cross-section of industries. The survey identifies what we believe to be current key Section 404 issues. We then add our findings, observations, and analysis derived from interactions with corporate executives, including executives participating in our Ernst & Young Section 404 Roundtable series.

• Section 404 Project Progress and Level of Effort
• Approaches for Evaluating Company-wide Controls
• Documentation and Testing Who, What, and How Much?
• Ongoing Monitoring
• 404+1 and Beyond Achieving Sustainability

Emerging trends in internal control - second survey)