Custom HttpModule for IIS 7 for integrated

I'm having troubles with a custom Error handler I built. It should be a HttpModule, but when I add it to my web.config's system.webServer/modules tag, it is not initiated.

This is my web.config section:

<system.webServer>
  <modules>
    <add name="AspExceptionHandler" 
         type="Company.Exceptions.AspExceptionHandler, Company.Exceptions" 
         preCondition="managedHandler" />
  </modules>
</system.webServer>

This is the code in my HttpModule:

using System;
using System.Web;
using Company.Settings;
using System.Configuration;

namespace Company.Exceptions
{
  public class AspExceptionHandler : IHttpModule
  {
    public void Dispose() { }

    public void Init(HttpApplication application)
    {
      application.Error += new EventHandler(ErrorHandler);
    }

    private void ErrorHandler(object sender, EventArgs e)
    {
      HttpApplication application = (HttpApplication)sender;
      HttpContext currentContext = application.Context;

      // Gather information5
      Exception currentException = application.Server.GetLastError();
      String errorPage = "http://www.mycompaniesmainsite.com/error.html";

      HttpException httpException = currentException as HttpException;
      if (httpException == null || httpException.GetHttpCode() != 404)
      {          
        currentContext.Server.Transfer(errorPage, true);
      }
      else
      {
        application.Response.Status = "404 Not Found";
        application.Response.StatusCode = 404;
        application.Response.StatusDescription = "Not Found";
        currentContext.Server.Transfer(errorPage, true);
      }
    }
  }
}

Could someone please explain to me what I am doing wrong, and how IIS 7 Integrated Managed Pipeline Mode works? Because most of the answers I found are about configuring HttpModules for IIS 6.

From what I can see you're on the right track. Have you made sure your site's application pool is set to Managed Pipeline mode?

Also if you're testing this with the built in Visual Studio web server (Cassini) then the <system.webServer> section will be ignored. You'll need IIS7 or IIS7.5 Express if you want the module to load from there.