Which of the following is not a SOX requirement?
A) SOX establishes a tip line for employees to report questionable acts.
B) SOX requires the external auditors to issue a report on the effectiveness of internal controls.
C) SOX increases the maximum fines for individuals who commit fraudulent acts.
D) SOX requires management to report on the effectiveness of internal controls and to make it clear that they are not responsible for the internal control system.

Question

Quizplus · Accepted Answer

SOX actually requires management to report on the effectiveness of internal controls and state that they are responsible for the internal control system.

Which of the Following Is Not a SOX Requirement