SOX 404 - to be continued

Management's Sox 404 Responsibilities

Effective Year End 2004 CEO & CFO must include a report in the Annual Report indicating:

• They have designed and maintained a system of internal controls for financial reporting using a recognized internal control framework
• They have tested internal controls and found them to be designed and operating effectivelyThe Auditor has evaluated the design and effectiveness of the controls and found them to be operating effectively

External Auditor's Sox 404 Responsibilities

The Accounting Firm (External Auditor) must render two opinions:

• Management's Assessment Process
• Effectiveness of the company's internal controls over financial reporting
  

The Accounting Firm must comply with Public Company Accounting Oversight Board (PCAOB) Audit StandardsIn order to render opinions, The Accounting Firm may:

• Review our process documentation
• Perform walk thru's to validate controls are designed effectively
• Review and re-perform a sample of test of controls
• Perform additional independent tests
• Evaluate controls to ascertain if errors of importance could occur in the financial statements or if fraud could occur