The Sarbanes-Oxley Act Requires That Auditors of Certain Publicly Traded

question 53

True/False

The Sarbanes-Oxley Act requires that auditors of certain publicly traded companies in the United States perform an integrated audit that includes providing assurance on both the financial statements and on compliance with laws and regulations.

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Definitions:

American Federation of Labor

A national federation of labor unions in the United States, established in 1886, that aimed to organize skilled workers into national unions according to their crafts.

Industrial Workers

Individuals employed in sectors focused on the production and manufacturing of goods, often distinguished by their involvement in physically intensive or machinery-centric tasks.

Work Hours Reform

Work hours reform pertains to changes in legislation, policies, or practices aimed at modifying the length, distribution, or flexibility of the working hours to improve workers' well-being.

Craft Lines

Distinctions made within a trade or profession, often based on specialized skills or functions, leading to the organization and representation of labor accordingly.