Concerning Retention of Working Papers,the Sarbanes-Oxley Act

question 69

Multiple Choice

Concerning retention of working papers,the Sarbanes-Oxley Act:

• A)Has no provisions.
• B)Requires permanent retention.
• C)Requires retention for at least 7 years.
• D)Requires retention for a period of 4 or less years.

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Definitions:

Self-Determination

The process by which individuals control their own lives, make their own choices, and pursue their own paths, reflecting autonomy and freedom.

Meaning

The significance, purpose, or understanding associated with something, often influencing individuals' perceptions and actions.

Competence

The ability of an individual or organization to effectively perform or achieve a specific task or goal.

Impact

The strong influence or effect that something, especially a particular action, event, or decision, has on another thing or person.