Which of the following is true about the Sarbanes-Oxley Act? A. It was passed to ensure that
Question:
Which of the following is true about the Sarbanes-Oxley Act?
A. It was passed to ensure that internal controls are properly documented and tested by public companies.
B. It applies to both public and smaller companies.
C. It requires all companies to report their internal control policies to the US Securities and Exchange Commission.
D. It does not require additional costs or resources to have adequate controls.
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Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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