Open Ended Questions Sarbanes-Oxley Act of 2002 (SOx) (8 points) 1) List 2 results of the 2) Complete the following chart of organizational structure (8 points) nternal Audit VP of operations Treasurer Controller Answer 1) This group of individuals is elected by the stockholders to oversee the company 2) This individual is hired by the answer to #1. He or she manages the company on a daily basis. 3) This individual is hired by the answer to number 2. He or she is responsible for all of the company's financial concerns. The treasurer and the controller report directly to this individual. 4) The Internal Audit Department reports directly to this sub-committee of the board of directors This committee oversees the internal audit function as well as the annual audit of the finanicial statements. Both the Internal Audit department and the independent CPAs report directly to this committee in order to prevent management intimidation or bias