The purpose of this guide is to provide a brief overview and update related to the May 2007 SEC guidance and PCAOB standard (AS5). The presentation primarily focuses on what companies can do to lead a more cost-effective Sarbanes-Oxley effort. This presentation explores eight key decisions along the Section 404 compliance process which management needs to consider with the objective of aligning the company’s and auditor’s application of a top-down, risk-based approach and maximizing the cost-effectiveness of the process.