What Is the Focus of Section 404 of the Sarbanes-Oxley

question 14

Multiple Choice

What is the focus of Section 404 of the Sarbanes-Oxley Act?

• A) Requirement that all members of the board of directors be independent of the corporation.
• B) It addresses the need for a consistent set of international auditing standards.
• C) Attesting to the reliability of internal controls in the annual report.
• D) This defines the membership in the Public Company Accounting Oversight Board (PCAOB).

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Definitions:

Commercialization

The process of bringing new products or technologies to the market, involving production, marketing, and sales strategies.

Scientific Knowledge

The body of reliable information and understanding about the natural world, obtained through systematic study and experimentation.

University Research

The scholarly or scientific investigation conducted within universities, often focusing on advancing knowledge in various academic or applied fields.

R&D Work

Refers to the activities involved in the research and development process, aimed at innovating and improving products or services.