Which of the Following Is NOT an Implication of Section

question 128

Multiple Choice

Which of the following is NOT an implication of section 302 of the Sarbanes-Oxley Act?

• A) Auditors must determine, whether changes in internal control has, or is likely to, materially affect internal control over financial reporting.
• B) Auditors must interview management regarding significant changes in the design or operation of internal control that occurred since the last audit.
• C) Corporate management (including the CEO) must certify monthly and annually their organization's internal controls over financial reporting.
• D) Management must disclose any material changes in the company's internal controls that have occurred during the most recent fiscal quarter.

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Definitions:

Decision-Making Strategy

A methodological approach to choosing among different options or actions based on specific criteria, objectives, or principles.

Autocratic

A leadership style characterized by individual control over all decisions and little input from group members.

Charismatic Leadership

Leadership style based upon the leader’s (perceived) possession of charisma.

Personality Trait

Characteristic patterns of thought, emotion, and behavior that are relatively stable over time and across different situations.