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Section
302
• The CEO, CFO and a public accounting firm must all certify
the accuracy of financial statements & disclosures
• Must make "material" information readily available to
the public
• Knowinging or willful violation carry criminal penalties
Section 404
• Statement of managements' responsibilities for internal
controls over financial reporting
• CEO & CFO must certify teh accuracy of info in SEC filings.
• Requires an audit to prove controls are in place to
encure information accuracy.
Section 409
• Requires "rapid and current" disclosure of "material
changes" which is anything that could affect the company's
perceived market value-within four days.
General Requirements
Define & understand events that could be considered "material"
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