Both the SEC and the PCAOB Have Expressed an Opinion

question 1

Essay

Both the SEC and the PCAOB have expressed an opinion as which internal control framework an organization should use to comply with SOX legislation. Explain.

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Definitions:

Gestalt Psychology

A theory of mind and brain positing that the operational principle of the brain is holistic, parallel, and analog, with self-organizing tendencies.

Cognitive Psychology

A branch of psychology that studies mental processes including how people think, perceive, remember, and learn.

Functionalism

A paradigm in psychology that focuses on how mental and behavioral processes enable an individual to adapt, survive, and flourish.

Wilhelm Wundt

Often recognized as the father of experimental psychology, he founded the first formal psychology laboratory in Leipzig, Germany, in 1879.