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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Definitions:

Intermediate Calculations

Calculations performed as part of a more extensive analysis or accounting process, often necessary for deriving final results or conclusions.

Grinding Machine Time

The amount of time a grinding machine is used in production, which can factor into manufacturing costs and efficiency.

Production Facility

A location equipped with machinery and equipment for manufacturing goods, often structured to optimize workflow and efficiency.

Variable Cost

Costs that vary in direct proportion to changes in a business's production volume or level of activity.