To Achieve the Objectives of Sections 302 and 404 of the Sarbanes-Oxley

Multiple Choice

To achieve the objectives of sections 302 and 404 of the Sarbanes-Oxley Act, management and independent auditors should:

A) Disclose the minutia of the internal control structure.
B) Conduct a cost-benefit analysis prior to deciding whether or not to adopt these sections.
C) Emphasize those areas where the greatest risk of fraud or material misstatement is likely to occur.
D) Analyze all financial transactions that are included in the reported financial statements.
E) Work together to design the most effective internal control system.