True or False:

-SOX requires a company's management as well as its outside auditors to document and assess the effectiveness of a company's internal controls

-Cash equivalents are defined as short-term investments which have a maturity date less than twelve months from their date of purchase

-When a company receives a check from a customer for work performed, "Accounts Receivable" rather than "Cash" should be debited

-Companies should strive to keep a large amount of petty cash on hand

-When the bank makes an error, the company should correct this error on the bank side of the reconciliation