Discussion

Prior to beginning work on this discussion, read the 2017 Sarbanes Oxley Compliance Survey (Links to an external site.) from Protiviti consulting firm, and the Section 302: Corporate Responsibility for Financial Reports (Links to an external site.) and Section 404: Management Assessment of Internal Controls (Links to an external site.) from the SOX website. Although it has been over a decade since the enactment of the Sarbanes-Oxley Act (SOX) of 2002, the majority of executives and other professionals agreed, in the above-mentioned survey by the Protiviti consulting firm, that internal control over reporting structure in their organizations has significantly or moderately improved since compliance with the legislation became a requirement.

For your initial post of at least 200 words, visit the Journal of Accountancy (Links to an external site.), click the Financial Reporting tab, and select Internal Control. Select an article on Internal Control over Financial Reporting, and discuss why compliance with SOX Sections 302 and 404 is still a subject of ongoing interest.

Guided Response: In a minimum post of at least 150 words, respond to at least two peers. In your responses, review the scholarly and industry resources referenced by peers, and ask questions of your peers about the resources in relation to their evaluation. Probe for more information from peers by asking thoughtful questions about their conclusions. Share any insights you may have had that they may not have considered in regards to SOX Sections 302 and 404. You are encouraged to post your required replies earlier in the week to promote more meaningful and interactive discourse in this discussion forum. Continue to monitor the discussion forum until 11:59 p.m. (Pacific Time) on Day 7, and respond with robust dialogue to anyone who replies to your initial post.