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:

Hazing

Hazing involves imposing strenuous, often humiliating, tasks as part of a group's initiation process, typically forbidden due to its potentially harmful effects.

Debasement Tactic

A strategy of deliberately lowering one's status or value in the eyes of others to achieve a specific goal or influence outcomes.

Individualized Socialization

A tailored approach to integrating a person into a group, society, or organization, taking into account their unique characteristics and needs.

Disjunctive Tactics

Strategies used in decision making that involve solving problems with a single, optimal solution identified by a specific set of criteria.