Which of the Following Must Be Included in Management's Report

question 45

Multiple Choice

Which of the following must be included in management's report internal control under section 404 of the Sarbanes-Oxley Act of 2002?

• A)It is management's responsibility to eliminate or publicly report on significant deficiencies in internal control.
• B)A detailed description of the COSO criteria.
• C)Management's assessment of the operating effectiveness for the period from the beginning to the end of the fiscal year under audit.
• D)Identification of the framework used for evaluating internal control.

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Definitions:

Supplier

An entity that provides goods or services to another organization, typically within a supply chain or production process.

Shareholder

An individual or entity that owns shares in a corporation, making them partial owners and entitling them to dividends and certain rights regarding company governance.

Marketing Information System

A structured system of managing and analyzing marketing data that supports business decision-making related to marketing activities.

Geographic Area

A defined physical space, region, or territory where a business operates or targets its marketing efforts.