What is required in an examination of Internal Control under Sarbanes-Oxley?
Chapter1: Financial Statements And Business Decisions
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What is required in an examination of Internal Control under Sarbanes-Oxley?
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As per Sarbanes Oxley Act,all publicly traded companies need to establish the internal controls for financial reporting and there must be practices to document, evaluate and maintain the effectiveness of internal control systems.All financial report must include an Internal control report stating that the management is responsible for establishment and maintenance of internal control systems and also need to evaluate the effectiveness of the internal control system.
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