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:

Employment Continuity

The stability and consistency of employment over time, often used as a measure of job security and career progression.

Financial Success

Typically denotes achieving financial goals and stability through income, investments, savings, and managing resources, often marked by wealth accumulation and financial independence.

Gender-Leader Stereotypes

Preconceived notions about the roles and characteristics of leaders based on their gender, often perpetuating bias.

Vulnerable Response

An action or expression that openly shares personal, often sensitive, thoughts or feelings, fostering authenticity and trust.