_______ includes a requirement that management assess the effectiveness of an organization's internal controls and commission audits of these controls by an external auditor in conjunction with the audit of its financial statements.

Question

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Sarbanes-Oxley 404 (also known as SOX 404) requires management to assess the effectiveness of an organization's internal controls over financial reporting and commission an audit of these controls by an external auditor as part of the audit of its financial statements. This provision was enacted in response to corporate accounting scandals in the early 2000s, such as Enron and WorldCom. SOX 404 aims to improve the reliability of financial reporting and increase transparency in corporate governance.

_______ Includes a Requirement That Management Assess the Effectiveness of an Organization's