Which of the Following Are Not Section 404 Internal Controls

question 18

Multiple Choice

Which of the following are not Section 404 internal controls ?

• A) An internal code of ethics
• B) Independent board members
• C) Remuneration committees
• D) Creation of processes for reporting concerns

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Definitions:

End-Of-Month Inventory

The total value of all inventory held by a company at the end of the month, including raw materials, work in progress, and finished goods.

Next Month's Sales

An estimate or projection of the revenue a company expects to generate from the sale of goods or services in the upcoming month.

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including materials, labor, and manufacturing overhead.

Merchandise Inventory

The total value of goods held by a company for the purpose of resale to customers.