Under Sarbanes-Oxley,companies must have their internal audit procedures assessed:

Question

Quizplus · Accepted Answer

Sarbanes-Oxley requires companies to have their internal audit procedures assessed annually. This assessment must be conducted by an external auditor, who provides an opinion on the effectiveness of the company's internal controls over financial reporting. This annual assessment helps to ensure that the company's internal audit procedures are effective in detecting and preventing fraud and other financial irregularities.

Under Sarbanes-Oxley,companies Must Have Their Internal Audit Procedures Assessed