Internal Control Over Financial Reporting for Counsel: Why Should You Care? | Practical Law

Internal Control Over Financial Reporting for Counsel: Why Should You Care? | Practical Law

This Note discusses what internal control over financial reporting is, key areas impacted by internal control over financial reporting and how it is evaluated. This Note also addresses issues in implementing internal control over financial reporting and what information company officers rely on in making their certifications regarding the company's internal control over financial reporting. In addition, this Note describes the effect of a material weakness in internal control over financial reporting on a company's ability to file its financial statements.

Internal Control Over Financial Reporting for Counsel: Why Should You Care?

Practical Law Practice Note 3-576-6585 (Approx. 29 pages)

Internal Control Over Financial Reporting for Counsel: Why Should You Care?

by Sandra K. Johnigan, Johnigan, P.C., with Practical Law Corporate & Securities
MaintainedUSA (National/Federal)
This Note discusses what internal control over financial reporting is, key areas impacted by internal control over financial reporting and how it is evaluated. This Note also addresses issues in implementing internal control over financial reporting and what information company officers rely on in making their certifications regarding the company's internal control over financial reporting. In addition, this Note describes the effect of a material weakness in internal control over financial reporting on a company's ability to file its financial statements.