Under Section 404 of the Sarbanes-Oxley Act, Auditors Are Required

question 12

Multiple Choice

Under section 404 of the Sarbanes-Oxley Act, auditors are required to:

• A) Attest to and report on management's assessment of internal controls.
• B) Establish and maintain internal controls for audited companies.
• C) Advise management on its preparation of the Report on Internal Controls.
• D) Evaluate the company's internal control system periodically throughout the year.
• E) All of the other answers are correct.

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Definitions:

Anterior-Posterior Axis

A directional axis in biology, referring to the front (anterior) and back (posterior) orientation of an organism or its parts.

Ray-Finned Fishes

A class (Actinopterygii) of modern bony fishes; contains about 95% of living fish species.

Tetrapods

A vertebrate group that includes all species with four limbs, such as amphibians, reptiles, birds, and mammals, including those that have lost limbs through evolution.

Eutherian Mammal

A type of mammal characterized by complex placental development, giving birth to live young at a relatively developed stage.