According to the Sarbanes-Oxley Act,a company's audit committee is responsible for its system of internal controls.

Question

Quizplus · Accepted Answer

The company's management is responsible for establishing and maintaining an adequate internal control structure and procedures for financial reporting. The Sarbanes-Oxley Act requires the audit committee to oversee the financial reporting process and internal controls, but the primary responsibility for the internal control system lies with the company's management.

According to the Sarbanes-Oxley Act,a Company's Audit Committee Is Responsible