IMPACT OF SOX SECTION 404 ON THE MINING 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 nine adverse reports that were issued from companies in the Mining industry with years ended in 2006. These were all of the accelerated filers in the Mining 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 nine adverse SOX Section 404 Self Assessments:

mining2006_1

The following is a summary of the material accounting weaknesses reported in the nine 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:

mining2006_2

Click here for the full 13-page SOX Management Assessment report