Which of the following statements regarding the Sarbanes-Oxley Act is (are)true?
A)Management must establish and maintain a system of internal controls over financial reporting.
B)Management must periodically assess a company's system of internal controls over financial reporting.
C)Management must include in the company's annual report a separate report that assesses internal controls.
D)A company's auditors are required to report on management's assessment of internal controls.
E)All of these statements are truE.

Question

Quizplus · Accepted Answer

All of these statements are true. The Sarbanes-Oxley Act requires management to establish and maintain a system of internal controls over financial reporting, periodically assess it, and include a separate report on internal controls in the annual report. Additionally, auditors are required to report on management's assessment of internal controls.

Which of the Following Statements Regarding the Sarbanes-Oxley Act Is