COSO: Guidance for Smaller Public Companies 1123

  • All,
    COSO recently issued guidance for smaller public companies…
    However, it is unclear after reading the Executive Summary and the Guidance in the document what testing requirements are recommended for small issuers. If the quarterly testing requirement and related documentation to support the tests of operating effectiveness is eliminated or reduced, it would significantly reduce compliance costs.
    If anyone has any thoughts or input that might add some clarity, it would be greatly appreciated. Otherwise, I will wait like the others for the dust to settle and the interpretative guidance to follow.
    Fellow SOXer

  • Do anyone know the guideline or sample of test plan? Do anyone or any website post on website,if yes , could you please let us know? Share experience together
    🙂 [/quote]

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