Which of the Following Is Not a True Statement Relating

question 73

Multiple Choice

Which of the following is not a true statement relating to the Treadway Commission?

• A) The Treadway Commission is the popular name for the National Commission on Fraudulent Reporting.
• B) The Treadway Commission has released reports detailing internal control systems.
• C) Management's Report on Internal Control over Financial Reporting and the independent public accounting firm report to the shareholders and board of directors often refer to criteria established on internal control by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).
• D) The Treadway Commission has issued a number of recommendations for the prevention of fraud on financial reports, ethics, and effective internal controls.
• E) The Treadway Commission is a voluntary private-sector organization formed to support the Sarbanes-Oxley Act.

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Requirements or actions imposed by state governments that must be complied with by individuals or entities within that state.

Premium

An insurance payment.

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A system or platform that facilitates the transfer of money between parties, enabling the settlement of transactions electronically.

Event of Damage

A specific incident that causes physical harm to property or person, potentially covered by insurance.