Which of the Following Are Management Responsibilities Under the Sarbanes-Oxley

question 69

Multiple Choice

Which of the following are management responsibilities under the Sarbanes-Oxley Act of 2002?

• A)Certify in reports filed with the SEC that the report does not contain untrue statements of material facts.
• B)Disclose material deficiencies in controls to the audit committee.
• C)Design internal controls.
• D)Certify in reports filed with the SEC that the company's internal controls are effective in preventing fraud.

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Definitions:

Employee Involvement

A workplace strategy aiming to engage employees in decision-making processes and operations to improve satisfaction and productivity.

Supplier Partnering

A close relationship between a buyer and supplier aimed at long-term mutual benefits and performance improvements.

Nonfinancial Information

Data that doesn't have a monetary value but is relevant for understanding a company's performance or condition, such as employee satisfaction or customer loyalty.

Variance Analysis

The process of investigating the differences between actual financial performance and budgeted expectations, identifying causes of variance.