- Comply with Section 404
- Sarbanes-Oxley Q&A
- Learn About Sarbanes-Oxley
- Take Control of Internal Controls
- Sarbanes-Oxley Links
Which companies are subject to the requirements of Section 404?
All publicly held companies are subject to the requirements of Section 404.
How can Concur Expense help my company comply with Section 404 of Sarbanes-Oxley?
Section 404 of Sarbanes-Oxley serves to ensure the following three core criteria are met by public corporations:
1. Transactions are properly authorized;
2. Assets are safeguarded against unauthorized or improper use; and
3. Transactions are properly recorded
Concur Expense helps companies meet all of these obligations via a comprehensive matrix of workflow procedures, best practice audit rules, and a documentation process that ensures all transactions are properly authorized, recorded, and compliant with predetermined internal expense policies.
Visit the Concur Compliance Solution page to learn more about how Concur Expense helps companies fully comply with Section 404 of Sarbanes-Oxley.
How exactly does the SEC define 'internal controls' and how can my company prove the adequacy of those controls?
Core internal processes that materially impact a company's financial statements will undoubtedly fall under the purview of the SEC. Concur Expense provides a mission critical framework that enables your company to comprehensively document the entire expense management process -- from expense entry, approval routing to final reimbursement (including the specific work flows and audit rules that apply at each part of the process). This report will serve as your company's electronic paper trail, documenting a significant portion of the financial transactions process for which your company must attest to having internal controls.