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:

Malpighian Tubules

Excretory structures found in some arthropods, including insects and spiders, that remove waste products from the blood and excrete them into the digestive tract.

Nephridia

Excretory organs in many invertebrates, functioning in the elimination of metabolic wastes.

Insects

Small arthropods with a chitinous exoskeleton, three-part body, three pairs of jointed legs, compound eyes, and one pair of antennae.

Nephridiopores

External openings of nephridia, excretory organs found in some invertebrates, allowing waste to exit the body.