Internal control systems are recommended but not required of firms subject to the Sarbanes-Oxley Act.

Name: Internal control systems are recommended but not required of firms subject to the Sarbanes-Oxley Act.
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Question

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Internal control systems are required of firms subject to the Sarbanes-Oxley Act. Section 404 of the Act specifically requires management to assess and report on the effectiveness of their internal control over financial reporting.

Internal Control Systems Are Recommended but Not Required of Firms