Which Statement About Internal Controls Is FALSE

question 51

Multiple Choice

Which statement about internal controls is FALSE?

• A)Public companies must issue a report on internal control with their financial statements.
• B)Outside auditors much evaluate and report on the soundness of a company's internal controls.
• C)The Sarbanes-Oxley Act requires public companies to issue a report on internal control.
• D)Public companies do not have to evaluate the effectiveness of internal controls.

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Definitions:

Overwhelmed

A state of feeling unable to cope due to being overloaded with various demands or pressures.

Morale

The overall sentiment, attitude, or satisfaction of people within a group, organization, or team, often influencing performance and collaboration.

Conflict Increases

This term suggests that the level or intensity of disagreement or dispute within a group or between individuals is risings.

Accommodation

Adjustments or adaptations made in a situation or environment to reduce conflict or to better suit different needs or requirements.