Section 307 of the Sarbanes-Oxley Act Addresses The

question 9

Multiple Choice

Section 307 of the Sarbanes-Oxley Act addresses the:

• A)rules of professional responsibility for attorneys.
• B)codes of ethics for senior financial officers.
• C)management assessment of internal controls.
• D)services outside the scope of auditors.

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Definitions:

Mode

Mode refers to the most frequently occurring value in a set of data.

Regression Toward the Mean

A statistical phenomenon wherein extreme scores on one occasion tend to be closer to the average on subsequent testing.

Illusory Correlation

A cognitive bias where people falsely perceive an association between two unrelated events or variables.

Random Assignment

A procedure in experimental designs that ensures each participant has an equal chance of being placed into any group, reducing biases.