What is the focus of Section 404 of the Sarbanes-Oxley Act?
A. requirement that all members of the board of directors be independent of the corporation
B. It addresses the need for a consistent set of international auditing standards.
C. attesting to the reliability of internal controls in the annual report
D. This defines the membership in the Public Company Accounting Oversight Board (PCAOB).
Answer:C
What is the focus of Section 404 of the Sarbanes-Oxley Act?
A. requirement that all members of the board of directors be independent of the corporation B. It addresses the need for a consistent set of international auditing standards. C. attesting to the reliability of internal controls in the annual report D. This defines the membership in the Public Company Accounting Oversight Board (PCAOB).