Which Act Requires Publicly Traded Companies to Assess the Effectiveness

question 63

Multiple Choice

Which act requires publicly traded companies to assess the effectiveness of their internal controls and have an independent CPA firm audit this assessment?

• A)Wheat Commission
• B)Sarbanes-Oxley Act of 2002
• C)Security Exchange Commission Act of 1934
• D)The GAAP Act of 1932

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Definitions:

Self-Awareness

The conscious knowledge of one's character, feelings, motives, and desires.

NREM Stage 3

The third stage of non-rapid eye movement sleep, characterized by deep sleep and the presence of delta waves in the brain.

REM Sleep

A sleep phase characterized by rapid eye movement, during which vivid dreaming most often occurs and brain activity resembles that of the waking state.

NREM Stage 1

The initial phase of non-rapid eye movement sleep, characterized by light sleep and the transition from wakefulness into sleep.