Yanglin Soybean updates on SOX 404 compliance efforts

China’s Yanglin Soybean has provided an update on its ongoing engagement with Ernst & Young in reaching full compliance with Section 404 of the Sarbanes-Oxley Act of 2002 (SOX 404).

Since March 2008, Ernst & Young has been evaluating and documenting new procedures for Yanglin Soybean’s internal controls for corporate financial reporting as well as updating the necessary information technology (IT) regulatory compliance integration.

Metrics were established to monitor the project's progress.

At press time, a large majority of the work has been completed to accomplish full compliance.

Yanglin Soybean manufactures soybean oil, salad oil and soybean meal with an annual processing capacity of 520,000 metric tons in 2008.

Majority of its customers are located in Northern China.