Sarbanes-Oxley legally mandates that public companies evaluate and disclose the effectiveness of their ________________.

Question

Quizplus · Accepted Answer

The Sarbanes-Oxley Act of 2002 mandates that public companies must disclose the effectiveness of their financial controls. These controls are in place to ensure the accuracy, transparency, and reliability of financial reporting. This includes controls around the company's financial statements, internal audit process, and compliance with laws and regulations. The Act aims to promote greater accountability and transparency among public companies.

Sarbanes-Oxley Legally Mandates That Public Companies Evaluate and Disclose the Effectiveness