Regelgeving
SOx 404 and ICFR
SOx 404 (Section 404 of the Sarbanes-Oxley Act 2002) requires public companies to annually assess and report on the effectiveness of their internal controls over financial reporting (ICFR). Independent auditors attest to this assessment. The standard aims to improve reliability and accuracy of financial reporting.
Source: US Sarbanes-Oxley Act Section 404 (2002)