The requirement of the Sarbanes-Oxley Act that requires management to issue a report on internal controls places responsibility for the accuracy of the reporting system on:
A)accounting managers.
B)marketing managers.
C)production managers.
D)all managers.

Question

Quizplus · Accepted Answer

The requirement of the Sarbanes-Oxley Act places responsibility for the accuracy of the reporting system on all managers, not just accounting managers. This includes managers in marketing, production, and other functional areas who could have an impact on financial reporting. The act requires all managers to maintain internal control systems that can provide reasonable assurance that financial information is accurate and reliable, and to attest to the effectiveness of those controls in their report.

The Requirement of the Sarbanes-Oxley Act That Requires Management to Issue