Under the Dodd-Frank federal financial reform legislation, all public companies are required to obtain an audit report on internal control over financial reporting.

Question

Quizplus · Accepted Answer

The Dodd-Frank Act exempts non-accelerated filers (smaller reporting companies) from the requirement to obtain an external audit on internal control over financial reporting, which is mandated by Section 404(b) of the Sarbanes-Oxley Act for larger public companies.

Under the Dodd-Frank Federal Financial Reform Legislation, All Public Companies