Sarbanes–Oxley Compliance for Multinationals and Global Reporting Changes (2002-2010)

1. Sarbanes–Oxley Act signed into U.S. law

   Jul 30, 2002Labels: Sarbanes Oxley, PCAOB

   • SEC SOX 302
   • Congress PL 107

2. SEC adopts CEO/CFO certification rules (SOX 302)

   Aug 29, 2002Labels: SEC, SOX 302

   • SEC Final Rule

3. SEC finalizes internal control reporting rules (SOX 404)

   Jun 5, 2003Labels: SEC, SOX 404

   • SEC Final Rule
   • SEC Release page

4. PCAOB adopts Auditing Standard No. 2

   Mar 9, 2004Labels: PCAOB, Auditing Standard

   • SEC Notice
   • PCAOB AS2

5. SEC extends Section 404 deadlines for foreign issuers

   Mar 2, 2005Labels: SEC, foreign private

   • SEC Release 33

6. COSO issues ICFR guidance for smaller public companies

   Jan 1, 2006Labels: COSO, ICFR guidance

   • COSO Guidance
   • GAO Report

7. PCAOB proposes replacing AS2 to reduce burdens

   Dec 19, 2006Labels: PCAOB, AS2 replacement

   • PCAOB Release

8. SEC issues interpretive guidance for management’s ICFR evaluation

   Jun 20, 2007Labels: SEC, ICFR guidance

   • SEC Guidance 33

9. PCAOB Auditing Standard No. 5 approved for ICFR audits

   Jul 27, 2007Labels: PCAOB, Auditing Standard

   • PCAOB Docket 021
   • PCAOB AS5

10. SEC accepts IFRS filings without U.S. GAAP reconciliation

    Dec 21, 2007Labels: SEC, IFRS

    • SEC Final Rule

11. SEC mandates XBRL interactive data for financial reporting

    Jan 30, 2009Labels: SEC, XBRL

    • SEC Rule 33

12. Dodd–Frank exempts non-accelerated filers from SOX 404(b)

    Jul 21, 2010Labels: Dodd Frank, SOX 404

    • Cooley Summary
    • Loeb Alert