Which of the Following Is NOT an Implication of Section

question 128

Multiple Choice

Which of the following is NOT an implication of section 302 of the Sarbanes-Oxley Act?

• A) Auditors must determine, whether changes in internal control has, or is likely to, materially affect internal control over financial reporting.
• B) Auditors must interview management regarding significant changes in the design or operation of internal control that occurred since the last audit.
• C) Corporate management (including the CEO) must certify monthly and annually their organization's internal controls over financial reporting.
• D) Management must disclose any material changes in the company's internal controls that have occurred during the most recent fiscal quarter.

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Definitions:

Design Principles

Fundamental guidelines or criteria used to achieve effective and aesthetically pleasing composition in design.

Budgeting Presentation

A visual or spoken representation designed to outline, explain, and justify the financial plan of an organization, including income, expenses, and priorities for a specific period.

Household Income

The combined gross income of all members of a household who are 15 years old and older, regardless of whether they are related.

Organizational Charts

Diagrams that represent the structure of an organization, showing the hierarchies and relationships between different positions and departments.