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

---

Definitions:

NASCAR Teams

Organizations that compete in stock car races sanctioned by the National Association for Stock Car Auto Racing (NASCAR).

Spectator Sport

An event or activity watched by an audience, typically involving competitive physical activities.