What are the requirements of section 404 of SOX?
A) It requires that senior management return any profits or bonuses resulting from stock sales during any period covered by financial statements that must later be restated.
B) It requires that auditors do not perform any non-auditing tasks for the companies they audit.
C) It requires that audit partners rotate every five years.
D) It requires that senior management and the boards of public companies attest to the effectiveness and validity of their financial control process.
Answer: D
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A) ratios B) ratioes C) ratio's
A laser printer is able to operate 400 hours between two repairs, and the mean time to repair the printer is 4 hours. Compute and indicate the availability of the printer.
a. 0.99 b. 0.96 c. 0.98 d. 0.97
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Which of the following characteristics apply to closed-end mutual funds?
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