Internal Control Is So Critical to a Company That Congress

question 50

Multiple Choice

Internal control is so critical to a company that Congress passed the:

• A) Sarbanes-Oxley Act of 2002.
• B) Kemp-Oxley Act of 2002.
• C) Economic Stimulus Law of 2010.
• D) Public Company Accounting Oversight Board Act of 2002.

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Definitions:

Performance Milestones

Significant achievements or tasks completed that mark the progress of a project or performance of an individual or organization toward predefined goals.

5P Checklist

A framework or checklist focusing on Purpose, People, Process, Product, and Performance to ensure comprehensive assessment or planning in various contexts.

Change Agents

Individuals or groups that drive or facilitate change within an organization.

Preparation

Preparation involves the act of getting ready or making something ready in advance, often involving planning, organizing, and setting up necessary resources or conditions.