Sarbanes-Oxley Act: Understanding Section 404 and Its Importance
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Business
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University
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Hard
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5 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the responsibility of the CEO and CFO according to Section 404 of the Sarbanes-Oxley Act?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
How does the assessment of internal controls relate to financial statements?
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the significance of having both internal controls and financial statements evaluated?
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4.
OPEN ENDED QUESTION
3 mins • 1 pt
Can financial statements be free from material misstatement while having deficiencies in internal control? Explain.
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5.
OPEN ENDED QUESTION
3 mins • 1 pt
Why is Section 404 considered important in relation to internal controls and financial statements?
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