An Organization Has to Submit an Audit to Prove That

question 47

Multiple Choice

An organization has to submit an audit to prove that it has accurate information on their assets.This is done to be in accordance to the:

• A)Section 906 of the Sarbanes-Oxley Act.
• B)Section 404 of the Sarbanes-Oxley Act.
• C)Section 802 of the Sarbanes-Oxley Act.
• D)Section 301 of the Sarbanes-Oxley Act.

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Definitions:

Market Demand

The total quantity of a good or service that all consumers in a market are willing and able to purchase at various prices.

High Credit Risk

Indicates a borrower who presents a higher chance of defaulting on a loan due to financial instability or poor credit history.

Maturity

The date on which the principal amount of a loan, bond, or other financial instrument becomes due and is repaid to the investor.

Interest Rate

The cost of borrowing money or the return earned on an investment, usually expressed as a percentage of the principal.