An Adequate System of Internal Control for SEC Registrants Was

question 36

Multiple Choice

An adequate system of internal control for SEC registrants was originally required by the

• A) Sarbanes-Oxley Act of 2002.
• B) Securities Act of 1933.
• C) Foreign Corrupt Practices Act of 1977.
• D) Securities Act of 1934.

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Definitions:

Amortization Period

The duration of time over which the cost of an intangible asset is incrementally expensed or amortized to a company's financial statements.

Net Cash Inflows

The total amount of money received minus the total amount of money spent over a specific period of time.

Initial Cost

The purchase price of an asset plus all costs to obtain and ready it for use.

Operating Income

The profit realized from a business's core operations, excluding deductions of interest and taxes.