Question 7 10 pts What is COSO? The framework for evaluating the internal control process over financial reporting that is used by public companies to comply with Section 404 The framework for creating working papers as part of an audit to comply with Section 501. The framework for creating working papers as part of an audit to comply with Section 302 The framework for evaluating the internal control process over financial reporting that is used by public companies to comply with Section 204 D Question 8 10 pts Who is the Senator and who is the Congressman that are credited with drafting the most significant legislation affecting the accounting profession since the 1934 Securities Act? Trent Lott and Michael Hornsby O John Rasberg and Michael Newman Paul Sarbanes and Michael Oxley Bill Deloitte and Ronald Touche