2.04 SOX Flashcards
1
Q
2.04 Section 404 of SOX ACT of 2002 requires each annual report of an issuer to include?
A
Management - Acknowledge responsibility for internal control
Management - Assess effectiveness of internal control
Auditor Understand client control structure
Auditor Assess Risk of material weakness
Auditor Evaluate and opine on design and operating effectiveness of controls