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:

Major Organic Product

The primary outcome of an organic reaction, characterized by being the most abundant product formed.

Increasing Acidity

Refers to a trend where acidity increases, typically as a result of changes in structure, electronegativity, or the atom's environment in a molecule.

Acetone

A volatile, colorless liquid used as a solvent and an antiseptic; it is the simplest and smallest ketone.

Ethyl Acetoacetate

An organic compound used as a reagent in the synthesis of various compounds, characterized by the presence of both ester and keto functional groups.