A Requirement of SOX Is That Publicly Traded Companies Must

question 29

Multiple Choice

A requirement of SOX is that publicly traded companies must have which of the following assessed annually?

• A)Financial reporting system
• B)Internal control system
• C)Internal control system and financial reporting system
• D)There is no annual assessment required under SOX.

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Definitions:

File

A collection of data or documents that are stored together on a computer or other storage device.

Shortcut

A link that allows users to quickly access a file, command, or program within a computer's file system or a software application.

Folder

A virtual container within a computer file system used to organize files and other folders.

File Name

The designated name of a file stored in a computer, serving as a unique identifier that allows the file to be found and accessed.