Section 404 of the Sarbanes-Oxley Act, Management Assessment of Internal

question 5

Multiple Choice

Section 404 of the Sarbanes-Oxley Act, Management Assessment of Internal Controls, includes all of the following except:

• A) A statement of management's responsibility for establishing the internal control structure.
• B) A waiver of auditor responsibility for assessing management's report on internal controls.
• C) An assessment of the effectiveness of internal controls by management.
• D) An assessment of the effectiveness of procedures for financial reporting by management.
• E) A requirement that management include in its annual report an internal control report.

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Definitions:

Cultural Practices

The customary beliefs, social forms, and material traits of a racial, religious, or social group.

Culturally Normal

Behaviors, beliefs, and practices that are considered typical, conventional, or acceptable within a specific culture or society.

Schizophrenia Disorder

A mental disorder characterized by disturbances in thought processes, perceptions, emotional responsiveness, and social interactions.

Hallucinogens

Drugs that cause profound distortions in a person's perceptions of reality, including visual and auditory hallucinations, often without delirium.