The Sarbanes-Oxley Act (SOX) mandates that all publicly traded US corporations must: Select one: a. Maintain an adequate system of internal controls b. Top management must ensure the reliability of the controls c. Outside independent auditors must attest to the adequacy of the controls d. All of the above.
The Sarbanes-Oxley Act (SOX) mandates that all publicly traded US corporations must: Select one: a. Maintain an adequate system of internal controls b. Top management must ensure the reliability of the controls c. Outside independent auditors must attest to the adequacy of the controls d. All of the above.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The Sarbanes-Oxley Act (SOX) mandates that all publicly traded US corporations must:
Select one:
a. Maintain an adequate system of internal controls
b. Top management must ensure the reliability of the controls
c. Outside independent auditors must attest to the adequacy of the controls
d. All of the above.
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Step 1
Sarbanes-Oxley Act (SOX) mandates that management maintains adequate internal controls and ensure reliability. It also requires auditors to attest the adequacy of controls
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