The Sarbanes-Oxley Act requires companies to provide reports from management on the effectiveness of internal controls over financial reporting. Visit the PCAOB website and review Standard 5. In addition, visit the SEC website and explore the Sarbanes-Oxley Act of 2002.

Evaluate the reporting requirements of the Sarbanes-Oxley Act regarding internal control over financial reporting and assess the financial statement requirements for public companies and non-public companies. How are the reporting requirements different for a public and non-public company? What would be the reporting guidelines for for a farming company?