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The Report on Internal Control Required by the Sarbanes-Oxley Act

question 174

True/False

The report on internal control required by the Sarbanes-Oxley Act of 2002 may be prepared by either management or the company's auditors.


Definitions:

Business Necessity

A justification for implementing certain policies or actions as essential for the operation of a business.

Plaintiff

The party who initiates a lawsuit seeking legal remedy for an alleged wrong.

Occupational Safety

Regulations and practices designed to ensure the safety and health of workers in their workplace.

Health Act

Legislation aimed at regulating healthcare practices, ensuring public health and safety, and often providing guidelines for healthcare providers and institutions.

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