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:

Prostitution Control

Legal and social measures taken to regulate or manage the practice of sex work, varying greatly between different jurisdictions.

Prohibition

A period in the United States from 1920 to 1933 during which the manufacture, sale, and transportation of alcoholic beverages were banned nationwide under the 18th Amendment to the Constitution.

Federal Trade Commission

A federal agency established to enforce antitrust laws and promote consumer protection in the United States.

Cease-And-Desist Orders

Legal directives issued by a court or government agency, requiring individuals or entities to stop an alleged illegal or harmful activity.