Which of the following is not a requirement of the Sarbanes-Oxley Act?
A) Internal audit outsourcing can no longer be provided by a publicly-traded corporation's external auditors.
B) All publicly traded corporations must have an internal audit function.
C) All publicly traded corporations must provide internal controls over financial reporting that guarantees financial accuracy.
D) The audit committee of a publicly traded corporation must report to the company's board of directors.
C
You might also like to view...
Documents requiring approval, such as a purchase requisition, may be routed for electronic approval using ______________________________ software
Fill in the blank(s) with correct word
All of the following are benefits of perspective taking except ______.
A. People are more likely to empathize with the other person. B. relates to positive attributions about another person’s behavior C. People can recognize the effects of external circumstances on what they do. D. generally lead to unsatisfactory negotiation outcomes
A careless accountant splattered spaghetti sauce on Kitchen Company's balance sheet. The balance sheet with its missing amounts is provided below:
Kitchen Company's working capital is $138,000.Required:Compute the missing amounts. Record your answers in the following table:
What will be an ideal response?
Answer the following statement(s) true (T) or false (F)
8. In general, it is not a good idea to use visuals in a business plan. 9. All experts agree that writing a formal business plan is necessary for the success of a startup. 10. Planning is the same as a plan. 11. A Vivid Vision should always be presented as a written document rather than a gallery sketch, a photo montage, or a video. 12. According to the text, you won’t be able to decide whether a business idea is viable until you have talked to at least 50 potential customers. 13. According to the text, a business plan must be thought of as a work in progress because nothing goes according to plan.