Sarbanes-Oxley Requires Management to Issue an Internal Control Report That

question 41

Multiple Choice

Sarbanes-Oxley requires management to issue an internal control report that includes two specific items. Which of the following is one of these two requirements?

• A) a statement that management is responsible for establishing and maintaining an adequate internal control structure and procedures for financial reporting
• B) a statement that management and the board of directors are jointly responsible for establishing and maintaining an adequate internal control structure and procedures for financial reporting
• C) a statement that management, the board of directors, and the external auditors are jointly responsible for establishing and maintaining an adequate internal control structure and procedures for financial reporting
• D) a statement that the external auditors are solely responsible for establishing and maintaining an adequate system of internal control

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