SOx 404 ignorance widespread outside US, according to PwC survey

Investors and analysts outside the US are not well informed about Section 404 of the Sarbanes-Oxley Act and are concerned about the potential impact of negative disclosures, according to a new PricewaterhouseCoopers survey of investors and analysts in North America, Europe and Asia who cover US-listed companies.

Due in part to widespread publicity, 77% of respondents in the US say they know “at least a little” about Section 404. That number falls to about 60% in Europe and 40% in Japan.