IMPACT OF SOX SECTION 404 ON THE TRANSPORTATION INDUSTRY

Adverse SOX Section 404 Reports
For Companies with Years Ended in 2006
As of July 6, 2007

The following is a copy of the adverse report that was issued from companies in the Transportation industry with years ended in 2006. This was the accelerated filer in the Transportation industry with adverse Sarbanes-Oxley Section 404 management self assessments. This information was gathered using the online research tool called Audit Analytics an Ives Group, Inc company.

The following is a summary of the material internal control weaknesses reported in the adverse SOX Section 404 Self Assessments:

 

transportation2006_1

 

The following is a summary of the material accounting weaknesses reported in the adverse SOX Section 404 Self Assessments. SOX Section 404 is not just about internal control issues, but also about misapplication of financial accounting and reporting issues:

transportation2006_2

Click here for the full 3-page SOX Management Assessment report