Sarbanes-Oxley Act of 2002 requires which of the following report to be prepared by the management of the company?
A) A report identifying the competency of the company's board of directors.
B) A report assessing the market value of the company's current stock price.
C) A report showing management's assessment of internal control.
D) A report evaluating the probability that the company will remain in business.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 requires management to prepare a report showing their assessment of internal control. This report is meant to provide transparency and accountability in financial reporting and ensure that the company has adequate controls and procedures in place to prevent fraud and errors. The other options listed are not required by the Act.

Sarbanes-Oxley Act of 2002 Requires Which of the Following Report