SOX section 302 requires each annual report of a publicly traded company to contain an internal control report stating the management's responsibility to establish and maintain an adequate system of internal control for financial reporting.

Question

Quizplus · Accepted Answer

SOX section 302 requires corporate management to certify the accuracy of financial statements and the effectiveness of internal controls, but it does not specifically require an internal control report in the annual report. That requirement is under SOX section 404.

SOX Section 302 Requires Each Annual Report of a Publicly