Multiple Choice
Which of the following is most correct regarding the requirements under Section 404 of the Sarbanes-Oxley Act?
A) The audits of internal control and the financial statements provide reasonable assurance as to misstatements.
B) The audit of internal control provides absolute assurance of misstatement.
C) The audit of financial statements provides absolute assurance of misstatement.
D) The audits of internal control and the financial statements provide absolute assurance as to misstatements.
Correct Answer:
Verified
Correct Answer:
Verified
Q141: The Sarbanes-Oxley Act requires either management of
Q142: When auditing a client who uses a
Q143: A(n) _ total represents the summary total
Q144: Typical controls developed for manual systems which
Q145: Which of the following parties provides an
Q147: An act of two or more employees
Q148: Authorizations can be either general or specific.
Q149: Control activities help assure that the necessary
Q150: Define control for general controls and application
Q151: Backup and contingency plans should also identify