Which of the Following Is True of the COSO Controls

question 18

Multiple Choice

Which of the following is true of the COSO controls and the Sarbanes-Oxley requirements?

• A)They result in less transparency in ensuring ethical corporate governance.
• B)They encourage greater accountability for financial stewardship.
• C)They result in a lesser emphasis to prevent any financial misconduct.
• D)They do not impact executives, boards, and internal audits.

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Definitions:

Surgeon Negligence

A failure by a surgeon to meet the standard of care expected in their profession, often leading to harm or injury to the patient.

Tort Liability

Legal obligation arising from civil wrongs or injuries that do not arise from contractual obligations, resulting in damages or compensation awarded by a court.

Patient Liability

The financial responsibility borne by a patient for a portion of healthcare expenses not covered by insurance.

Professional Negligence

A breach of the duty of care by a professional towards a client or patient, leading to loss or harm due to a failure to meet standard professional practices.