Internal control consists of the actions taken by people at every level of an organization to achieve its objectives relating to operations, reporting, and compliance.

2 Which of the following key requirements of the Sarbanes-Oxley Act (SOX) is correctly paired with the correct action? Multiple Choice Counteract incentives independent audit committee. Encourage honesty ethics code. Reduce opportunities stiff prison terms. Counteract incentives internal control evaluation.

3 Comparing the cash in the register with the cash count sheet is required by the internal control principle of: Multiple Choice independently verifying. establishing responsibilities. segregation of duties. documenting procedures.