Which of the following is NOT a feature of the Sarbanes-Oxley Act?
A) The company and auditors must annually assess the effectiveness of financial controls.
B) The company must maintain effective internal financial controls.
C) The CEO and CFO must attest to the fairness of the financial reports.
D) Each of the above are features of the Sarbanes-Oxley Act.
Answer: D
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Continuous assurance (continuous auditing) is the process by which assurance is provided through monitoring of automated controls and business events in real time or near real time
Indicate whether the statement is true or false
The ease with which you can buy or sell a security in the secondary market when you want to without incurring significant costs is known as
A. liquidity. B. risk. C. secondary marketization. D. secondary market penetration.
What a product or service is worth to a customer is the:
A) brand value. B) customer value. C) profit potential. D) market potential.
The preparation of a statement of stockholders' equity makes which other financial statement unnecessary?
a. Income statement b. Statement of cash flows c. Statement of retained earnings d. Balance sheet