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The Sarbanes-Oxley Act (SOX) Requires Managers and Auditors of Companies

question 161

Essay

The Sarbanes-Oxley Act (SOX) requires managers and auditors of companies whose stock is traded on an exchange to document and certify the system of internal controls. What are the specific requirements for auditors set forth by SOX?


Definitions:

Group Affiliations

The connections or associations an individual has with different groups, like social, professional, or religious organizations.

Task Force

A temporary group of individuals brought together to accomplish a specific goal or address a particular problem.

Royal Dutch/Shell Group

A global group of energy and petrochemical companies, known for its innovation in oil, gas, and renewables.

Business Plan

A detailed document outlining the goals, strategies, financial projections, and operational structure of a business intended to guide its growth and development.

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