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A company's board of directors should,at a minimum,adopt the provisions of SOX.Discuss three of the six established best practices that a board should also follow.
Justification Reports
Documents that provide reasons and evidence to support particular decisions or proposals.
Feasibility Reports
Documents that evaluate the practicality and viability of a proposed project or idea.
Due Diligence
A comprehensive appraisal or investigation undertaken to evaluate the risks and merits before entering into an agreement or transaction.
Failure Analysis
The process of collecting and analyzing data to determine the cause of a failure, often with the goal of preventing it in the future.
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