Under the Sarbanes-Oxley Act, the auditor's responsibility with respect to internal controls can best be stated as:
A) Develop a system of internal controls that helps to prevent and detect fraud
B) Assess whether the internal controls helps to prevent and detect fraud
C) Assess management's report on internal controls
D) All of these

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act requires auditors to assess management's report on the effectiveness of internal controls over financial reporting.

Under the Sarbanes-Oxley Act, the Auditor's Responsibility with Respect to Internal