Which of the following is not an implication of PCAOB Auditing Standard No. 5 and Section 404 of the Sarbanes-Oxley Act? a. None of the above are implications of Section 404. b. Disclosure of material changes in an organization's financial condition is required on a "rapid and current basis". c. Management must identify, document, and evaluate significant internal controls. d. Auditors must report on the effectiveness of the internal control systems of an organization.

Which of the following is not an implication of PCAOB Auditing Standard No. 5 and Section 404 of the Sarbanes-Oxley Act? a. None of the above are implications of Section 404 . b. Disclosure of material changes in an organization's financial condition is required on a "rapid and current basis". c. Management must identify, document, and evaluate significant internal controls. d. Auditors must report on the effectiveness of the internal control systems of an organization