Which of the Following Is NOT an Implication of Section

question 128

Multiple Choice

Which of the following is NOT an implication of section 302 of the Sarbanes-Oxley Act?

• A) Auditors must determine, whether changes in internal control has, or is likely to, materially affect internal control over financial reporting.
• B) Auditors must interview management regarding significant changes in the design or operation of internal control that occurred since the last audit.
• C) Corporate management (including the CEO) must certify monthly and annually their organization's internal controls over financial reporting.
• D) Management must disclose any material changes in the company's internal controls that have occurred during the most recent fiscal quarter.

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Definitions:

Anger

A strong feeling of annoyance, displeasure, or hostility, which can vary in intensity and be provoked by perceived wrongs or frustrations.

Hot Stove

An analogy often used in discipline, suggesting that, like touching a hot stove and experiencing immediate consequence, consequences of actions should be immediate, clear, and consistent.

Presentation

A structured delivery of information to an audience, often employing visual or auditory aids, designed to inform, persuade, or instruct.

Benjamin Franklin

A Founding Father of the United States known for his contributions as a statesman, author, printer, political philosopher, and scientist.