An AuditNet user wanted to know if any audit shops out there are making any special preparations in order to comply with SOX 409 continuous monitoring provisions.

The following is provided for clarification on the requirement:

Summary of Section 409

Issuers are required to disclose to the public, on an urgent basis, information on material changes in their financial condition or operations. These disclosures are to be presented in terms that are easy to understand supported by trend and qualitative information of graphic presentations as appropriate.

If any member has information on this subject please share it with the forum.

Thanks,