Section 302 of the Sarbanes-Oxley Act Requires That Management

question 48

Multiple Choice

Section 302 of the Sarbanes-Oxley Act requires that management:

• A)Assess the company's internal controls
• B)Certify the financial statements
• C)Disclose all executive compensation
• D)All of the above

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Definitions:

Nonfinancial Measure

A performance measure that has not been stated in dollar terms.

Operating Information

Data and insights related to the daily functioning of a business, including production processes, cost management, and operational efficiency.

Lean Environment

An operational philosophy focused on minimizing waste and maximizing efficiency in the production process or organizational operations.

Conversion Costs

The combination of direct labor and factory overhead costs; in lean accounting, the account in which is accumulated the costs of direct labor and factory overhead.