Concerning Retention of Working Papers,the Sarbanes-Oxley Act

question 69

Multiple Choice

Concerning retention of working papers,the Sarbanes-Oxley Act:

• A)Has no provisions.
• B)Requires permanent retention.
• C)Requires retention for at least 7 years.
• D)Requires retention for a period of 4 or less years.

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Definitions:

Landlords

Individuals or entities that own and rent out property, such as buildings or land, to tenants.

Capitalist Economy

A capitalist economy is an economic system where private individuals and businesses own the production and distribution of goods and services, operating for profit in competitive markets.

Antagonism

Active opposition or hostility between individuals or groups, often manifesting in conflicts or competition.

Market Situation

The current state or condition of a market, characterized by factors such as supply and demand, competition, and pricing.