What Is the Position of the U

question 41

Multiple Choice

What is the position of the U.S. Securities and Exchange Commission (SEC) with respect to internal auditing?

• A) It requires all companies, including foreign enterprises, listed on U.S. stock exchanges to have an internal audit function.
• B) Since 2000, the SEC has been silent with respect to internal auditing.
• C) Internal auditing is recommended by the SEC, but it is not required for listed companies.
• D) Only multinational companies are required to have internal auditing systems.

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Definitions:

Sleeplessness

The condition of being unable to sleep, also known as insomnia, which can lead to fatigue and other health problems.

Probability

A measure of the likelihood of a specific event or outcome occurring, expressed as a ratio between 0 and 1.

Depressed

A state characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.

Probability

A measure of the likelihood of occurrence of a particular event or outcome, expressed as a number between 0 and 1.