According to the Sarbanes-Oxley Act (SOX), Who Are the External

question 41

Multiple Choice

According to the Sarbanes-Oxley Act (SOX) , who are the external auditors hired by and required to report to?

• A) Audit committee
• B) Chief financial officer
• C) President of the company
• D) Internal auditors

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Definitions:

Traditional Approach

A conventional method or strategy that has been widely used over time, often contrasted with more innovative or modern methods.

Cost Control

The practice of managing and reducing business expenses through efficient and effective resource allocation.

Modern Cost Management

An approach to cost management that incorporates advanced techniques and technologies to analyze and optimize costs across various business activities.

Machining Process

A manufacturing process involving the shaping of metal and other materials through cutting, boring, grinding, or drilling.