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Hottest Selling sarbanes oxley Products Section 401: Disclosure of Reports Off-balance sheet arrangements and contractual obligations The final rule on Section 401(a) issued by the SEC in January 2003 requires registrants, including foreign private issuers, to:
* Provide an explanation of off-balance sheet transactions, arrangements, obligations and other relationships with unconsolidated entities or other persons, that have, or are reasonably likely to have, a current or future material effect on financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources, and * Provide an overview of certain known aggregate contractual obligations in a tabular format. Non GAAP Financial Measures The final rule issued by the SEC in January 2003 on Section 401(b) covers: * Public disclosure of material information that includes non-GAAP financial measures * Non-GAAP financial measures in filings with the SEC * Requirements to furnish public announcements or releases of material non-public information regarding results of operations or financial condition (e.g., earnings releases) for a completed quarterly or annual fiscal period. For domestic registrants, a non-GAAP financial measure is defined as a numerical measure of a registrant's historical or future financial performance, financial position, or cash flows that: o Excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable measure calculated and presented in accordance with GAAP in the statement of income, balance sheet, or statement of cash flows (or equivalent statements) of the issuer; or o Includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable measure so calculated and presented. Click on the following link to access the newest SEC rules and regulations with cross-references to specific Sarbanes Oxley sections. SEC Rules Sarbanes Oxley Resources Articles on sarbanes oxley:
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