E10B. BUSINESS APPLICATION Match the items with the related statements that follow. 1. Safeguards the firm's assets and ensure the reliability of its accounting records. 2. Holds that the chief executive officer, the chief financial officer, and the audi- tors of a public company responsible for fully documenting and certifying the company's system of internal controls. 3. States that it is responsible for estab- lishing and maintaining adequate inter- nal control over financial reporting. 4. Includes an examination of internal a. Management's responsibility b. Section 404 of Sarbanes-Oxley Act c. Independent accountant's audit d. Internal control controls.

E10B. BUSINESS APPLICATION Match the items with the related statements that follow. 1. Safeguards the firm's assets and ensure the reliability of its accounting records. 2. Holds that the chief executive officer, the chief financial officer, and the audi- tors of a public company responsible for fully documenting and certifying the company's system of internal controls. 3. States that it is responsible for estab- lishing and maintaining adequate inter- nal control over financial reporting. 4. Includes an examination of internal a. Management's responsibility b. Section 404 of Sarbanes-Oxley Act c. Independent accountant's audit d. Internal control controls.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

E10B. BUSINESS APPLICATION Match the items with the related statements that follow.
1. Safeguards the firm's assets and ensure
the reliability of its accounting records.
2. Holds that the chief executive officer,
the chief financial officer, and the audi-
tors of a public company responsible for
fully documenting and certifying the
company's system of internal controls.
3. States that it is responsible for estab-
lishing and maintaining adequate inter-
nal control over financial reporting.
a. Management's responsibility
b. Section 404 of Sarbanes-Oxley Act
c. Independent accountant's audit
d. Internal control
4. Includes an examination of internal
controls.

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