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Internal Control Systems Are Recommended but Not Required of Firms

question 22

True/False

Internal control systems are recommended but not required of firms subject to the Sarbanes-Oxley Act.


Definitions:

Treasurer

is a corporate executive responsible for managing the company's investments, financing activities, and cash management strategies.

Data Processing

The collection, manipulation, and processing of data to extract meaningful information or to produce a desired output.

Capital Structure Decision

The choice a company makes regarding the mix of debt and equity that it uses to finance its operations.

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