Sarbanes-Oxley Encourages Management to Certify That It Has Informed the Auditor

question 46

True/False

Sarbanes-Oxley encourages management to certify that it has informed the auditor and audit committee of any significant deficiencies in internal control.

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Definitions:

Economic Production

The process of creating goods and services through the combination of labor, capital, and resources to meet consumer demand and generate wealth.

Global Reporting Initiative

Promotes environmental, economic and social responsibility.

Environmental Responsibility

The duty that individuals and organizations have to act in ways that protect and benefit the environment.

Economic Responsibility

denotes a company's or individual's obligation to make decisions that positively impact the economic well-being of society, including prudent use of resources and fair economic practices.