For Public Companies in the U

question 32

Multiple Choice

For public companies in the U.S. ,which statement is correct?

• A)Management is responsible for the development of internal controls over the financial reporting process.
• B)Internal controls over the financial reporting process are only effective as of year-end.
• C)Internal controls over the financial reporting process are designed to assure that the internal control process of a company is effective.
• D)Effective internal control reporting provides reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes.

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Definitions:

Thyrotropin

A hormone, also known as thyroid-stimulating hormone (TSH), produced by the pituitary gland to regulate the production of hormones by the thyroid gland.

Glucocorticoids

A class of steroid hormones that play a role in regulating glucose metabolism, anti-inflammatory actions, and immune responses.

Metabolism

The successive transformations to which a substance is subjected from the time it enters the body to the time it or its decomposition products are excreted, and by which nutrition is accomplished and energy and living substance are provided.

Protein

A nutrient found in foods such as eggs, meat, fish, legumes, and soy products that provides energy to the body.