In Polettl Co.'s financial statements, the management makes an assessment of the company's internal controls. The company produces the assessment every year in its annual financial statements. Who else must make a report on the effectiveness of internal controls? The passing of Sarbanes-Oxley caused companies to strengthen their internal controls. Which of the following relate to internal controls? Ensuring compliance with local laws and regulations Processing information accurately Safeguarding the liabilities Sarbanes-Oxley attempts to do which of the following? Reduce fraud and theft Increase bonuses for employees Restore investor and creditor confidence To which of the five elements of internal controls does each of the following relate? Investigating missing documents or gaps in transaction numbers Separating responsibilities for related operations Personnel policies