Deep Dives28 min read
ICFR for Payment Platforms Under SOX With a Lean Finance Team
**Think small on scope and strict on evidence.** Under SOX pressure with a lean team, the goal is to build defensible ICFR for financial reporting, not to document everything. For covered Exchange Act issuers, management must maintain ICFR and assess effectiveness at each fiscal year-end under Section 404-related SEC rules. ICFR is designed to provide reasonable assurance, not absolute assurance. If you run a lean finance team, we recommend treating evidence quality as the control floor before you add more documentation.
payment platformssox compliancefinancial reporting controls+2 more
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