The Sarbanes-Oxley Act requires the auditor to attest to the
A)accuracy of the financial statements.
B)efficiency of the internal controls in financial reporting.
C)effectiveness of internal controls.
D)compliance of the company with the generally accepted accounting framework.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act requires the auditor to attest to the effectiveness of internal controls. While the accuracy of financial statements and compliance with GAAP are important, the main focus of the Act is to ensure that companies have effective internal controls in place to prevent fraudulent financial reporting. The Act also requires management to evaluate and report on the effectiveness of their internal controls, and the auditor's attestation provides assurance to external stakeholders. Additionally, while internal controls in financial reporting are important, the Act requires attestation to the effectiveness of internal controls over financial reporting, which includes controls related to both financial reporting and disclosure.

The Sarbanes-Oxley Act Requires the Auditor to Attest to the