Public companies must have their financial statements audited,but are not required to have their internal control systems audited.

Name: Public companies must have their financial statements audited,but are not required to have their internal control systems audited.
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Question

Quizplus · Accepted Answer

Public companies are required to have both their financial statements and internal control systems audited by an independent auditor under the Sarbanes-Oxley Act of 2002.

Public Companies Must Have Their Financial Statements Audited,but Are Not