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:

Hostile Audience

A group of listeners who are resistant or antagonistic to the speaker or the message being conveyed.

Design Elements

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High-Ranking Executives

Individuals at the top levels of an organization's hierarchy who are responsible for making major decisions and setting strategic directions.

Allotted Time

The specific amount of time designated or assigned for a particular task, event, or activity.