Which of the following is NOT a Sarbanes-Oxley (SOX) Act requirement?
A) An internal control report included in the annual financial statements
B) An external audit that includes a disclosure of internal control deficiencies
C) An internal audit report that confirms that management did not review financial statements before they were published
D) An external audit evaluates management's assessment of the effectiveness of the system of internal control.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act requires companies to include an internal control report with their annual financial statements and mandates that an external audit evaluates management's assessment of the effectiveness of the system of internal control. It does not require an internal audit report confirming that management did not review financial statements before publication; instead, it emphasizes the importance of management's review and responsibility for the accuracy of financial reports.

Which of the Following Is NOT a Sarbanes-Oxley (SOX) Act