Under section 404 of the Sarbanes-Oxley Act,auditors are required to:
A)Attest to and report on management's assessment of internal controls.
B)Establish and maintain internal controls for audited companies.
C)Advise management on its preparation of the Report on Internal Controls.
D)Evaluate the company's internal control system periodically throughout the year.
E)All of thesE.

Question

Quizplus · Accepted Answer

Section 404 of the Sarbanes-Oxley Act requires auditors to attest to and report on management's assessment of internal controls. This means that auditors are responsible for evaluating the effectiveness of the company's internal control over financial reporting and reporting any material weaknesses in the system. The other choices listed are not accurate descriptions of the auditor's responsibilities under section 404.

Under Section 404 of the Sarbanes-Oxley Act,auditors Are Required To