I'd posted 2 weeks ago that Google's 10-K report was missing in action. Well it was released today after the market closed. A quick scan doesn't show anything particularly interesting -- no insightful letter from the founders, no juicy plans for the future, no new risks disclosed.

I was looking for a statement from the auditors about their tests of internal contorls, but couldn't find it. In fact, they specifically state that they did not test internal controls. The report says they don't have to do the internal control testing until next year, apparently because this is the first year reporting as a public company.

In most 10-Ks, (see Yahoo's here), there is a specific assertion by management that internal controls are functioning, plus a statement from the auditor saying that they agree.

Here's the language from Yahoo's 10-K: "Also, in our opinion, management's assessment, ... that the Company maintained effective internal control ... is fairly stated, in all material respects."

None of this is in Google's 10-K, so Google will have to do all the Sarbanes 404 work this year that their competitors did last year.