According to the Sarbanes-Oxley Act, Who Is Responsible for Establishing

question 115

Multiple Choice

According to the Sarbanes-Oxley Act, who is responsible for establishing and maintaining internal controls over financial reporting?

• A)The CEO and CFO
• B)The internal auditors
• C)The external auditors
• D)The SEC

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Definitions:

Real GDP per Person

A measure of a country's economic output that accounts for its number of people, adjusting for inflation to reflect the true purchasing power per individual.

Expenditure

The action of spending funds or an amount of money spent.

Income

Funds that are earned, frequently on a consistent schedule, from labor or investing activities.

Real GDP per Person

An economic metric that measures the value of all finished goods and services produced within a country in a year, adjusted for inflation, and divided by the total population.