The strength of any company’s public offering comes, in large part, from the strength of its controls making Section 404 of the Sarbanes-Oxley Act of 2002—which addresses internal controls—critical for established public companies as well as those planning to go public.
Documenting and maintaining your internal control structure, systems, and procedures for financial reporting can help enhance your ability to capture revenue, manage costs, make use of technology, and detect risks before they become problems.