Section 404 of the Sarbanes-Oxley Act requires:

A. The establishment of procedures to accept employee complaints.

B. Code of ethics requirements for senior officers.

C. A report of the company's internal control over financial reporting.

D. The principle executive to certify that they have reviewed the financial statements

Question

Kieran Larson

Business

24 March, 03:56

Section 404 of the Sarbanes-Oxley Act requires:

A. The establishment of procedures to accept employee complaints.

B. Code of ethics requirements for senior officers.

C. A report of the company's internal control over financial reporting.

D. The principle executive to certify that they have reviewed the financial statements

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Answers (1)

Know the Answer?

Jazlyn Rivers · Answer 1

C) A report of the company's internal control over financial reporting.

Explanation:

The Sarbanes-Oxley Act (2002) establishes auditing and financial regulations for publicly traded companies. Section 404 (a) states that upper management must establish an internal control structure that oversees financial reporting. Upper management is also responsible for verifying the effectiveness of the control structure.