All of the Following Requirements About Internal Controls Were Enacted

question 132

Multiple Choice

All of the following requirements about internal controls were enacted under the Sarbanes Oxley Act except

• A) independent outside auditors must attest to the level of internal control.
• B) companies must develop sound internal controls over financial reporting.
• C) companies must continually assess the functionality of internal controls.
• D) independent outside auditors must eliminate redundant internal controls.

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Definitions:

Service To The Public

Efforts or duties performed by individuals or organizations aimed at benefiting the community or general populace.

Extralegal Force

Force used by an authority or individual that is not sanctioned by law, often implicating a violation of legal or ethical standards.

Deliberate

The process of carefully considering or discussing something before making a decision.

Wrongful Use

The incorrect, unethical, or illegal application or operation of something, often leading to harm or violation of rights.