Exploring Corporate Governance Around the World

By Allison Garrett, Senior Vice President for Academic Affairs at Oklahoma Christian University

Monday, November 28, 2005

COSO's Exposure Draft on Internal Controls at Small Companies

Last month, COSO published its lengthy exposure draft Guidance for Smaller Public Companies Reporting on Internal Control over Financial Reporting. The 200+ page guidance is available for review and comment until December 31. The draft lists 26 areas in which smaller companies face challenges implementing section 404 of the Sarbanes-Oxley Act of 2002. A link to the exposure draft is below:


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