Internal Control Systems Are

question 193

Multiple Choice

Internal control systems are:

• A)Developed by the Securities and Exchange Commission for public companies.
• B)Developed by the Small Business Administration for non-public companies.
• C)Developed by the Internal Revenue Service for all U.S.companies.
• D)Required by Sarbanes-Oxley (SOX)to be documented and certified if the company's stock is traded on an exchange (a public company).
• E)Required only if a company plans to engage in interstate commerce.

---

Definitions:

Reconstructions

Refers to the period following the Civil War during which the Southern states were rebuilt and reintegrated into the Union.

Civil War

A conflict between different groups within the same country, often characterized by intense violence and lasting societal impacts.