Under Section 302 of the SOX the Financial Statement Certifying

question 10

Multiple Choice

Under section 302 of the SOX the financial statement certifying officials must include in their certification that:

• A) A list of all deficiencies in the internal controls and information on any fraud that involves employees who are involved with internal activities has been created
• B) The auditors are responsible for the internal controls and have evaluated and reported on them
• C) All changes in internal controls or related factors that could have a negative effect on the internal controls have been made
• D) The audit report was unmodified

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Definitions:

Maturity Stage

A phase in the product life cycle where growth stabilizes, and sales peak but do not significantly increase or decrease.

Highest Success Rate

Refers to the scenario or method that achieves the desired outcomes or objectives most consistently over others.

Lowest Amount

The minimum quantity or degree of something, often referring to the least amount of money or resources required.

Growth Strategy

Plans and actions aimed at increasing the scale and scope of a business's operations to drive higher profits and market share.