Which companies are required to compy with the requirements of section 404 of the Sarbanes Oxley Act?

Section 404 of the Sarbanes Oxley Act pertains to internal control report requirements. It is applicable to companies filing annual report to SEC under Section 13 (a) or 15 (d) of the Securities Exchange Act of 1934. Such companies may be saving associations, banks, small business issuers, and non-U.S.Companies.

The internal control report requirement is applicable to all issuers as defined in the act. Sarbanes oxley defines an issuer as -

- an entity that has a class of securities registered under Section 12 of the Exchange Act , or

- an entity that is reuired to file reports under section 15 (d) of the Securities Exchange Act of 1934, or

- an entity that files or has filed a registration statement that has not yet become effective under the Securities Act of 1933 and it has not been withdrawn.